Friday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Reverse Slide, Rally from Oversold Conditions … Asian Markets Advance on Optimistic Sony Forecast … Insurance Co.s Line Up for TARP Funding … Oversold ETFs for Today Include: EEM, EWH, ILF, JNK, QQQQ …
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- A report that American International Group
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PowerRating) would be spinning off its Asian insurance unit in an initial public offering (IPO) sent the stock soaring by more than 11%. - Announcing quarterly earnings before the bell on Friday, retailer Abercrombie & Fitch
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PowerRating) is expected to announce an EPS loss of 12 cents. - Also scheduled to report earnings before the markets open Friday morning is AngloGold Ashanti Ltd.
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PowerRating). The gold mining company is expected to report per share earnings of 43 cents. - In Wednesday’s 7 Stocks You Need to Know, we noted the oversold condition in Ford Motor Company
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PowerRating), which reached oversold extremes after plunging more than 10%. Finishing the Wednesday in the green, the stock was up more than 6% intraday on Thursday. - Flat earnings encouraged traders and investors to sell shares of Wal-Mart
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PowerRating) on Thursday. The stock is again oversold below the 200-day moving average. - After closing lower for six out of the past seven sessions, Intel Corporation
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PowerRating) rallied by more than 3% intraday. Intel’s trading over the past week and a half is indicative of the selling that has characterized technology stocks. IBM
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PowerRating), for its part, continued to pull back 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 |
| Pier One Imports | PIR | 10 |
| Marvel Entertainment | MVL | 10 |
| Hot Topic Inc. | 10 | |
| Target Corporation | TGT | 9 |
| Starbucks Corporation | SBUX | 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 |
Finding the Best ETFs and Momentum Stocks to Trade in a Bull Market – TradingMarkets
How do you find the best ETFs or stocks to trade? Larry Connors suggests you take a look back to 2003, which will allow you to apply many of the pullback strategies we’ve taught over the years to the correct ETFs and momentum stocks.
Traders Win in a Secular Bear, But Most Investors Will Lose – TradingMarkets
A secular bear market is a different animal for traders than it is for investors, says Kevin Haggerty in his latest TradingMarkets column.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Financials led the rebound in stocks on Thursday. As such the Direxion Financial Bull 3x Shares ETF was up more than 10% intraday after pulling back for three days.
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TradingMarkets Daily PowerRatings Analysis |
5 PowerRatings Stocks for the Next 5 Days – TradingMarkets
Looking for stocks that are likely to be higher than 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.