Friday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Rally From Intraday Lows … Asian Stocks Climb on Weaker Yen … BofA Nears Public Financing Deal … US Airways Jet Makes Emergency Landing in Hudson River, All On Board Safe … Top ETFs for the Week Include: FXP, RTW, EEV, SKF, SSG

Learn how to properly trade the VIX – along with 15 other quantified short term trading strategies in Larry Connors’ new book, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!

TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

  • JP Morgan
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    beat earnings estimates on Thursday by more than six cents on dramatically lower year-over-year profits.

  • Apple
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    CEO Steve Jobs may be undergoing surgery while on medical leave.. The surgery would involve removing his pancreas following side effects from cancer treatments five years ago.

  • Intel
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    reported quarterly earnings Thursday after the market closed that were in-line with analyst expectations.

  • Fears that the company will need additional public assistance in order to digest its acquisition of Merrill Lynch led traders and investors to sell shares of Bank of America
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    on Thursday. Similar concerns about Citigroup
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    and its need for taxpayer assistance kept buyers away from that stock, as well.

  • Pfizer
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    is considering a plan to approximately 30% of its sales force in the United States. The plan could involve up to 2,400 workers. Also in pharmaceutical industry news, Eli Lilly & Company
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    agreed to a $1.42 billion settlement in a federal case involving the marketing of its top-selling, anti-psychotic medication, Zyprexa.

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
UltraLife Corporation ULBI 8
Puget Energy Inc. PSD 8
Infinity Property & Casualty IPCC 8
Fairfax Financial Holdings Ltd. FFH 8
Castlepoint Holdings Ltd. CPHL 8

View More Stocks

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TradingMarkets Making Great Traders


It’s Medication Time
TradingMarkets

As we head into the 3-day weekend and the Obama inauguration, is a stock market bounce emerging? See Gary Kaltbaum’s analysis, as well as, his commentary on Bank of America, as the nation’s largest bank seeks additional bailout cash.

The Coronation RallyTradingMarkets

The banks and energy sectors led the downside yesterday, with the major indexes in red. See Kevin Haggerty’s recap of yesterday’s dismal market performance.

TradingMarkets

Financial stocks managed to fight their way off the lows on Thursday. This resulted in significant intraday gains in the ProShares UltraShort Financials ETF, though the shares were well-off their highs late in the day.

TradingMarkets Daily PowerRatings Analysis


5 PowerRatings Stocks for the Next 5 Days
TradingMarkets

Looking for stocks that are likely to be higher than the average stock over the next few days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start!.

Larry Connors Joins The Money Blogs! Click here to get a look at Larry Connors’ new blog featuring Larry Connors’ Trading Lesson of the Day for short term stock, ETF and options traders!

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