Friday Morning Coffee with TradingMarkets

Good Morning!

Industrials, Energies Lead Stocks Lower on Thursday … Regulators Seize Bank United of Florida … Rising Yen Stifles Japanese Stock Rally … Short/Inverse ETFs Among Most Overbought … Oversold ETFs for Today Include: EWH, FXI, QQQQ, LQD, XRT ….

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:

  • Among the few companies reporting earnings on the Friday before the Memorial Day holiday weekend, Campbell Soup
    (
    CPB |
    Quote |
    Chart |
    News |
    PowerRating)
    is expected to announce per share earnings of 42 cents. The stock pulled back for a second day below its 200-day moving average on Thursday.

  • Down more than 3% intraday on Thursday, shares of Amazon.com
    (
    AMZN |
    Quote |
    Chart |
    News |
    PowerRating)
    pulled back toward their 200-day moving average. Also pulling back among Nasdaq stocks above their 200-day moving averages was Apple
    (
    AAPL |
    Quote |
    Chart |
    News |
    PowerRating)
    , off more than 2% during the trading day.

  • General Motors
    (
    GM |
    Quote |
    Chart |
    News |
    PowerRating)
    and the United Auto Workers union announced on Thursday that they had reached an agreement on major health care issues for workers and retirees. Shares of GM were up more than 32% on Thursday, closing higher below their 200-day moving average for a fourth consecutive session.

  • After closing higher for five consecutive trading days and rallying above its 200-day moving average, Coca Cola
    (
    KO |
    Quote |
    Chart |
    News |
    PowerRating)
    pulled back toward that 200-day moving average on Thursday. The other Dow stock pulling back toward its 200-day moving average is IBM
    (
    IBM |
    Quote |
    Chart |
    News |
    PowerRating)
    , which closed lower for a second day but well off its intraday lows.

  • Gold stocks continue to be in demand among traders in recent days. Closing higher for a third day in a row were shares of Anglogold Ashanti Ltd.
    (
    AU |
    Quote |
    Chart |
    News |
    PowerRating)
    , which were up more than 4% intraday.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
The Pantry PTRY 9
Dr. Pepper Snapple Group DPS 9
Air Methods Corp. 9
Virgin Mobile USA VM 8
VistaPrint Ltd.. VPRT 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


How to Avoid Getting Whipsawed Near the 200-Day
TradingMarkets

What is the rule of thumb for avoiding ETFs near the 200-day ma? Larry Connors discusses strategies that should help keep most ETF traders and investors out of trouble when ETFs near the 200-day average.

3 Secrets of All Successful Day TradersTradingMarkets

Tradingmarkets contributing writer Bryan Perry shares some of the secrets of the most successful day traders to help you make better trades and improve your odds of success.

TradingMarkets 7 ETFs You Need to Know for TodayTradingMarkets

Continued weakness in the dollar is boosting currencies from the Euro to the yen in recent days. ETF traders and investors can add international currency exposure to their portfolios through exchange-traded funds like the CurrencyShares Euro Trust.

TradingMarkets Daily PowerRatings Analysis


How to Find the Best Stocks to Trade Every Day
TradingMarkets

Larry Connors explains the main focus of PowerRatings, which remains the single most popular tool on TradingMarkets.com to help traders improve their short term stock trading.

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