Friday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Drive Deeper into Overbought Territory Below 200-Day … Asian Stocks Advance as Deflation Fears Grow in Japan … Obama Says Auto Industry Business Model “Unsustainable” … SBUX, NVDA, ORCL Join Growing Number of Nasdaq Stocks Above 200-Day …
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!
“This is a book that you will keep on your trading desk at all times because the quantified strategies presented have a very high probability of success, and that is what professional trading is all about.” – Kevin Haggerty, professional trader and former Head of Trading at Fidelity Capital Markets.
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Reporting quarterly earnings Friday morning before the market opens, KB Homes
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PowerRating) is expected to announce an EPS loss of 86 cents. - Best Buy
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PowerRating) soared by more than 12% on Thursday, as investors and traders cheered the company’s earnings announcement, which reflected losses that were not as bad as feared. - General Motors
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PowerRating) announced that 7,500 employees took advantage of the struggling automaker’s buyout offers. The buyout offers were part of the required cost-cutting measured called for in its loan agreement with the U.S. government. - New York attorney general Andrew Cuomo will subpoena American International Group
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PowerRating) as part of an investigation into the insurer’s credit default swaps. - Among the technology stocks helping lead the markets higher on Thursday were Nvidia Corporation
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PowerRating) and Research in Motion
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PowerRating). Nvidia closed above its 200-day moving average for the first time since January 2008. Both stocks were up more than 5% on the day. - An even more remarkable milestone was the 10%+ rally in Starbucks
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PowerRating) which helped the stock close above its 200-day moving average for the first time since January 2007.
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 |
| ProShares UltraShort Consumer Goods ETF | SZK | 9 |
| ProShares UltraShort Russell 1000 Value ETF | SJF | 8 |
| ProShares UltraShort Dow 30 ETF | DXD | 8 |
| Williams Pipeline L.P. | WMZ | 7 |
| Tower Group Inc. | TWGP | 7 |
| 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 |
My Outlook for the Current Market – TradingMarkets
Overall the market is in a very interesting period, and this month, the rally especially in the financials is impressive as they led again yesterday. Larry Connors offers his outlook, as well as, trading strategies for the current market conditio
PowerRatings Does It Again – Results for 2008 – TradingMarkets
The test results for PowerRatings for 2008 are in and again the top rated PowerRatings stocks outperformed the average stock over a 5-day period.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Buyers were aggressive in technology shares, driving exchange-traded funds with exposure to tech stocks higher. Strength in industrial ETFs also continued to surprise investors and traders alike.
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TradingMarkets Daily PowerRatings Analysis |
5 PowerRatings Stocks for the Next 5 Days – TradingMarkets
Looking for stocks that are likely to outperform the average stock over the next few days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start!
Click here to sign up for Larry Connors’ Trading Lesson of the Day.