Friday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Pull Back in Earnest as 10 Banks Fail Stress Test … Asian Stocks Retreat on Larger than Expected Losses Feared at Toyota… NY Fed Chair Resigns Under Controversy … Oversold ETF for Today Include EWT, AGG, RTH, QQQQ, LQD ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Struggling automaker General Motors
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PowerRating) announced a quarterly loss of more than $6 billion on Thursday. - Wells Fargo
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PowerRating) announced after the close that it would be making a common stock offering of approximately $6 billion in a capital-raising effort - On a day of widespread profit-taking in the financials, Capital One Financial
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PowerRating) was up by more than 17% intraday, closing in overbought territory below the 200-day moving average for the second consecutive trading session. - Among the companies reporting quarterly earnings on Friday, Toyota Motor
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PowerRating) is expected to report a per share earnings loss of 3.52, while Beazer Homes USA
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PowerRating) is expected to announce EPS of -1.60. - Down more than 4% after beating analyst quarterly earnings estimates by a nickel, Cisco Systems
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PowerRating) is now oversold above the 200-day moving average. Fellow tech giant IBM
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PowerRating), was down more than 2% intraday and is also oversold above its 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 |
| Blyth Inc. | BTH | 9 |
| The Middleby Corporation | MIDD | 9 |
| Steve Madden Ltd. | 9 | |
| Virgin Media Inc. | VMED | 9 |
| Netgear Inc. | NTGR | 9 |
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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 |
Trading Around Once-in-a-Lifetime Economic Events – TradingMarkets
For those looking at the opportunities created by economic releases, Larry Connors discusses how traders can act on these market-moving events.
Trading the Post-Crash Implied Volatility Skew, Part 1 – TradingMarkets
Understanding volatility is a very critical part of options trading. In part 1 of this series, TradingMarkets contributor Jeff Augen helps options traders to understand more about implied volatility.
How to Exit an ETF Trade, Part 3 – TradingMarkets
In the third and final part of our series on exiting ETF trades, we present what is probably our most widely-used exit strategy for both ETFs and stocks: closes beyond the 5-day moving average.
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TradingMarkets Daily PowerRatings Analysis |
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.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.