Friday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Sell Off on Overbought Extremes … Asian Stocks Lower, Nikkei Off 300 Overnight … Two-Stage Bailout Plan for Banks Proposed … Earnings on Deck for Friday Include: XOM, PG, CVX, OSTK, DCM …
Do markets do better at different times of the month? Is there a better time to buy? Find out what traders are saying about the new book by Larry Connors and Cesar Alvarez, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Amazon.com
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AMZN |
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PowerRating) reported quarterly earnings of 52 cents per share Thursday after the market closed, blowing away estimates by 14 cents. - Allstate
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ALL |
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PowerRating) reported its first annual loss ever, announcing also plans to eliminate 1,000 jobs and to reconsider raising its dividend. - Exxon Mobil
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XOM |
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PowerRating) reports quarterly earnings Friday morning before the market opens. Analysts are expecting earnings per share of 1.48. - Earnings per share of 1.59 is what analysts are expecting from Procter and Gamble
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PG |
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PowerRating), which also reports quarterly earnings Friday morning before the bell. - Among the hardest hit stocks on Thursday were Wells Fargo
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WFC |
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PowerRating) and General Electric
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GE |
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PowerRating). Both stocks pulled back sharply from overbought extremes reached in a single day during the previous session. - One bright spot in the Nasdaq on Thursday was Vertex Pharmaceuticals
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PowerRating) which was up as much as 4% late in trading. The stock is increasingly overbought above the 200-day moving average.
For a list of today’s highest PowerRating stocks, click here.
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TradingMarkets 5 PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| Viropharma Inc. | VPHM | 8 |
| United Financial Bancorp | UBNK | 8 |
| Sequenom Inc. | SQNM | 8 |
| DeVry Inc. | DV | 8 |
| Capella Education Company | CPLA | 8 |
| View More Stocks |
If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!
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TradingMarkets Making Great Traders |
Risk Management Techniques for Traders – TradingMarkets
In this trading lesson, Larry Connors outlines some techniques for risk and money management in the form of stop orders, which tends to hurt the performance of most trading systems.
10 Attributes of a Good Trader – TradingMarkets
Good traders have a combination of attributes. Professional trader John Netto discusses ten attributes of a successful trader and describes how using this list as a template can lead to substantive improvements to your trading.
Oversold conditions over the past few days led to a sell-off on Thursday. Friday’s ETFs includes the Direxion Energy Bear 3X Shares ETF, which bounced by more than 9% late in trading on Thursday.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings and the Revenge of the Short ETFs – TradingMarkets
The sell-off we had been anticipating has arrived. What’s next for short term stock and ETF traders who use Short Term PowerRatings for making high probability trades?
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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