Friday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Rebound … Asian Stocks Pullback, Yen Surges After Three-Day Decline … Rate Cut Expectations Drive Treasuries Higher … Banks Slow to Lend in Wake of Taxpayer Bailout … Chevron, Clorox, Cummins Report Earnings Today
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 7 Stocks You Need to Know for Friday |
Here are 7 stocks for traders for Friday from TradingMarkets.com:
- Reporting quarterly earnings Friday morning before the market opens, Chevron
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PowerRating) is expected to announce EPS of 3.25. - New York Senator Charles Schumer is reportedly challenging a rule that would otherwise allow Wells Fargo
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PowerRating) to acquire Wachovia
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PowerRating). Schumer is a member of the Senate Banking Committee. - Clorox
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PowerRating) reports earnings Friday morning before the bell. Analysts are expecting earnings per share of 0.84. - A report from accounting firm Grant Thornton LLC suggested that a merger between General Motors
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PowerRating) and Chrysler could cost as many as 74,000 jobs. The report further indicated that a tentative deal between the two automakers was likely before the November 4th presidential election. - In additional job-cutting news, Motorola
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PowerRating) announced that it would likely cut up to 3,000 jobs – most of which would come from the company’s mobile phone unit. - American Express
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PowerRating) announced that it would eliminate 7,000 jobs and implement a hiring freeze in an effort to cut costs.
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 |
| ProShares UltraShort Russell 2000 | TWM | 9 |
| ProShares UltraShort QQQ | QID | 9 |
| ProShares UltraShort Consumer Goods | SZK | 8 |
| ProShares Short S&P 500 | SH | 8 |
| ProShares UltraShort Russell 2000 MC Value | SJL | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Selling Strength and Buying Weakness – TradingMarkets
The SPX futures were up about 30 points before the GDP data showed the economy contracted 0.3% in the third quarter. Friday is month’s end and Kevin Haggerty believes that with the volatility and swings of the indexes there will most likely be more rebalancing, so day traders must have a fast trigger finger on trades today and tomorrow.
What to Make of the Bearish Market: Questions and Answers with Gary Kaltbaum
– TradingMarkets
With talks of depression, bank failures, and government stimulus, the recent steep market downturns is significantly nerve-racking. Gary Kaltbaum answers reader’s emails on what’s to come and how to beat today’s brutal bear market.
7 ETFs You Need to Know for Today – TradingMarkets
A positive day in the markets was led by stocks from sectors as dissimilar as utilities and technology. The rally in emerging markets stocks continued again on Thursday, sending the iShares MSCI Emerging Markets ETF higher by more than 13%.
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TradingMarkets Daily PowerRatings Analysis |
Short Seller’s Delight? 5 Inverse ETFs for Swing Traders – TradingMarkets
Our Top 25 PowerRatings Stocks roster features far more short or inverse ETFs than quality stocks on pullback. Here’s how swing traders can take advantage.
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