Friday Morning Coffee with TradingMarkets
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Good Morning! |
Financials, Consumer Discretionary Stocks Lead U.S. Markets Higher … Asian Stocks Rally on G-20 Recession-Fighting Efforts … Blagojevich Indicted on Corruption Charges … Northrop Pays $325 Settlement … Top ETFs for the Week Include: DTO, ERY, KWT, LTL, ZSL,
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Research in Motion
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PowerRating) reported quarterly earnings of 90 cents after the market closed on Thursday, beating analyst estimates by six cents. The company also forecast a greater than expected gross margin for the first quarter. - Breaking out to new monthly highs was FedEx
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PowerRating), which gained more than 9%. The rally in FedEx was typical of the aggressive buying in the transportation sector, as railroad and airline stocks also advanced to new short term highs. - Despite the rally in technology stocks, IBM
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PowerRating) has lowered the price it is willing to pay for Sun Microsystems
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PowerRating) from a range of $10-11 per share to a range of $9-10 per share. - U.S. Steel
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PowerRating) soared by more than 11% on Thursday. The company announced that it was delaying “indefinitely” a $1 billion renovation of a plant near Pittsburgh. - The broad based rally on Thursday was characterized by especially strong performance from consumer discretionary stocks. Shares of Disney
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PowerRating) were up over 7%, and shares of retailer Abercrombie & Fitch
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PowerRating) were up more than 8%. Both stocks still trade below their 200-day moving averages.
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 |
| Starent Networks Corporation | STAR | 8 |
| Zion Oil & Gas | ZION | 8 |
| ProShares UltraShort Consumer Goods ETF | SZK | 8 |
| Validus Holdings Ltd. | VR | 7 |
| Edwards Life Sciences | EW | 7 |
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TradingMarkets Making Great Traders |
Don’t Listen to the Hype – TradingMarkets
Stocks are rallying higher on Thursday, fueled by the financials and optimism for the G-20 meeting. Kevin Haggerty weighs in on the market rally and comments on the over reactions yesterday to the monthly economic data.
3 Ways to Identify a Market Bottom – TradingMarkets
TradingMarkets contributor David Wilder discusses the intermarket relationships between the S&P 500, bonds, U.S. Dollar and gold, as well as provides some insights from their relative price action.
TradingMarkets Most Overbought and Oversold ETFs for Friday – TradingMarkets
Friday’s most overbought ETFs includes the Health Care Select Sector SPDRS ETF, while the Technology Select Sector SPDRS ETF is among the most oversold ETFs.
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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.