Friday Morning Coffee with TradingMarkets

  • August 7, 2009
  • David Penn

Good Morning!

Stocks Slip into Trading Range … Nasdaq Composite Enters Oversold Territory Above 200-Day … Greenback Rallies from Recent Losses … Asian Stocks Flat … Most Oversold ETFs for Today Include: PPH, EWT, SMH, RJA, LQD …

Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Soaring higher on earnings expectations, American International Group
    (
    AIG |
    Quote |
    Chart |
    News |
    PowerRating)     reports second quarter earnings Friday before the bell with an expected

    EPS of $1.67.

  • Spectra Energy
    (
    SE |
    Quote |
    Chart |
    News |
    PowerRating)     announces its second quarter earnings during the trading day on Friday with a forecast EPS of 50 cents.

  • CNBC’s MadMoney host Jim Cramer has recommended Gold Fields
    (
    GFI |
    Quote |
    Chart |
    News |
    PowerRating)     as a buy.

  • U.S. Concrete
    (
    RMIX |
    Quote |
    Chart |
    News |
    PowerRating)     has forecast a loss of 3 cents for the second quarter. The company’s announcement will come before trading starts on Friday.

  • Ambac Financial
    (
    ABK |
    Quote |
    Chart |
    News |
    PowerRating)     has investors hoping for no more than a loss than $1.03/share for the second quarter, to be revealed Friday prior to the bell.

  • Media giant CBS Corp
    (
    CBS |
    Quote |
    Chart |
    News |
    PowerRating)     profits fell by 96%.

  • Beazer Homes
    (
    BZH |
    Quote |
    Chart |
    News |
    PowerRating)     cut its fiscal third quarter loss, but revenue fell more than 50%.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
 Symbol PowerRatings
Intel Corporation INTC 9
Applied Materials AMAT 9
Unitedhealth Group 9
Target Corporation TGT 8
Clorox Corporation CLX 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!

TradingMarkets Making Great Traders

TradingMarkets

Larry Connors takes a look at how correlation relates to ETFs, plus its potential effects and rewards.

TradingMarkets

Position sizing may well be the crucial factor when it comes to profitability. At best, those who ignore this issue will underperform. While those that approach the

market with all their bases covered are more likely to come out ahead.


Toni Hansen Teaches You a New Way to Time Market Reversals – TradingMarkets

Learn one of Toni Hansen’s favorite strategies to analyze price action in the market. This will guide traders and investors alike in their decision on when to buy or sell

a particular security.

TradingMarkets 7 ETFs You Need to Know for Today


Deepening Pullbacks in Health Care as More Country ETFs Join the Selling – TradingMarkets

Some of the deepest pullbacks in ETFs by sector continue to be in the health care and consumer staples areas. Exchange-traded funds representing these stocks

include the Vanguard Health Care ETF and the Consumer Staples Select Sector SPDR ETF.

Click here to sign up for Larry Connors’ Trading Lesson of the Day.