Friday Morning Coffee with TradingMarkets
 |
Good Morning! |
Banks Break Out … Rumor: Seagate to Buy SanDisk … Signs of Slowing Eurozone Growth Drag Euro Lower … General Motors’ Big Bounce … U.S. Inflation Hits 17-year High …
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 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Analysts are expecting earnings per share of $0.87 when hip, fashion retailer Abercrombie & Fitch
(
ANF |
Quote |
Chart |
News |
PowerRating) reports earnings Friday morning before the bell. - The EE Times, an electronics industry journal, reported rumors late on Thursday that SanDisk
(
SNDK |
Quote |
Chart |
News |
PowerRating) may be acquired by Seagate Technologies
(
STX |
Quote |
Chart |
News |
PowerRating). - General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) was the Dow’s biggest gainer on Thursday, adding more than 10% as traders cheered news that the benefits of the automaker’s
restructuring plan may be realized sooner than expected. - Retailer JC Penny
(
JCP |
Quote |
Chart |
News |
PowerRating) announces quarterly earnings Friday morning before the market opens. Analysts are expecting EPS of $0.50. - Shares of Wachovia
(
WB |
Quote |
Chart |
News |
PowerRating) were higher by more than 6% on Thursday, retracing all of Wednesday’s losses in a broad-based bank-led rally. Washington Mutual
(
WM |
Quote |
Chart |
News |
PowerRating) was up by more than 5%.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Nuvasive Inc. | NUVA | 8 |
| St. Jude Medical Inc. | STJ | 8 |
| Overhill Farms Inc. | OFI | 8 |
| Volterra Semiconductor | VLTR | 8 |
| Jo-Anne Stores Inc. | JAS | 8 |
| View More Stocks |
|
TradingMarkets Making Great Traders |
An Introduction to Dow Theory – TradingMarkets
Both the basis for all technical analysis and a much-relied upon trading method in its own right, Dow theory remains a captivating subject for a wide variety of traders. TradingMarkets’ own Dave Goodboy provides a primer on this classic analytic approach.
The Rise of Retail Foreign Exchange – TradingMarkets
TradingMarkets Select Contributor Betsy Waters of dbFX reminds traders of the incredible opportunities in the spot forex market for the average retail trader – short-term or long.
7 ETFs You Need to Know for Today – TradingMarkets
Inverse financial ETFs were down on the day as financial stocks climbed throughout the day. Energy and materials continued downward. The ProShares UltraShort Oil & Gas ETF DUG gained over 3% as it tested its 200-day moving average.
|
TradingMarkets 5 Business Stories You Need to Know |
Wachovia Leads Banks Higher – CNN Money
Investors treated financial stocks like Wachovia has value stocks on Thursday, as banks continued to lead the market on up days.
Wachovia is the Featured Stock in our Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think Wachovia will be Up or Down on Monday. Click here to play our TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!
Will Seagate Buy SanDisk? – The Guardian
The markets roiled late in trading on Thursday as an industry publication noted growing rumors that Seagate would move to acquire the maker of flash memory. Officials from both companies have so far refused to comment on the speculation.
Slow Growth, Lower Euro – Financial Times
A slowing economy in the Eurozone continues to weigh on the Euro, which was lower against the U.S. dollar again on Thursday.
Jumpin’ General Motors! – Forbes
Optimism over the anticipated savings from its restructuring plan encouraged traders and investors to make General Motors the Dow’s biggest gainer on Thursday.
Inflation in U.S. Soars – New York Times
Consumer prices in the United States hit a 17-year high on Thursday as fuel and food costs continued to climb. The pace of prices moving higher has also increased.
For more stories as they happen, go to our Breaking News section.
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.