Monday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks End Mixed … Asian Stocks Lower Overnight on Selling in Financials … Euro Rallies on Rate Cut Pause Speculation … Obama Works to Fill Gaps at Treasury … Earnings on Deck for Today Include: ENG, CASY, RSCR …
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“Larry has done it again. He delivers an insightful handbook of practical, useful and timeless methods to profit in the market.” – Tony Saliba, CEO of BNY ConvergEx LiquidPoint; Profiled in Market Wizards
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Wells Fargo
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WFC |
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PowerRating) announced that it was cutting its dividend to 5 cents per share, a reduction of 85%. - Another double-digit blue chip stock goes to single digits as American Express
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PowerRating) slides below $10 per share intraday on Friday. AXP is down for a third consecutive session below the 200-day moving average. - Swiss drug maker Roche upped its hostile bid for the 44% of Genentech
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PowerRating) that it does not already own to $93 per share, an increase of more than six cents per share from their previous bid. - Merger discussions between Dow Chemical
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PowerRating) and Rohm & Haas
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PowerRating) are back underway in an attempt to seal the $15 billion deal. Both stocks were higher in trading on Friday, with ROH up more than 18%, Dow gaining more than 9%. - Shares of Apple
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PowerRating) were in retreat on Friday after JP Morgan Chase & Company
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PowerRating) cut sales estimates for Mac computer and iPhone for the rest of 2009. - Goldman Sachs
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GS |
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PowerRating) upgraded Pfizer
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PFE |
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PowerRating) on Thursday, citing the pharmaceutical company’s purchase of Wyeth and likelihood of stable future profits.
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 |
| ITT Educational Services | ESI | 9 |
| Corinthian Colleges Inc. | CECO | 9 |
| Career Education Corporation | CECO | 9 |
| Cypress Biosciences | CYPB | 8 |
| Palm Inc. | PALM | 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!
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TradingMarkets Making Great Traders |
Mean Reversion and Trading Strategies for Stocks and ETFs – TradingMarkets
Larry Connors takes a look at what mean reversion trading can do to boost the performance of your short term trading strategies for stocks and ETFs.
How to Trade Gaps with the Odds in Your Favor – TradingMarkets
Open gaps are merely one of numerous ways to keep yourself on the correct side of high-probability pending price direction. Professional trader Austin Passamonte examines some of the high-odds characteristics to these events, which can enable savvy traders to profit from repetitive patterns in the market.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Selling in financials and technology stocks weighed down the markets – to say nothing of the ETFs that represent those sectors. Early strength in select emerging markets ETFs faded after midday.
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TradingMarkets Daily PowerRatings Analysis |
A PowerRatings Trading Strategy for the Dips in Education Stocks – TradingMarkets
Here’s a trading strategy for PowerRatings traders looking to take advantage of the sale on adult education stocks like Corinthian Colleges and Career Education.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.