Monday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks End Lower for Second Consecutive Session … Asian Markets Climb on Japan Stimulus Hopes … Europe Continues To Reject Additional Spending … Obama To Unveil Sweeping Regulatory Change, Cool to Bonus Tax …

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TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

  • Among the companies reporting quarterly earnings Monday morning before the market opens are high-end retailer Tiffany & Company
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    , which is expected to report EPS of 80 cents, and Walgreen
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    , which is expected to announce earnings per share of 0.66.

  • Optimism toward drug sales encouraged UBS to upgrade Johnson & Johnson
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    to “buy” on Friday. UBS has a price target of $63 for the pharmaceutical giant.

  • Indicative of the profit-taking in financial stocks was the 10% pullback in Bank of America
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    on Friday as well as the 7% drop in JP Morgan Chase & Co.
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  • The pressure remained on American International Group
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    on Friday as attorneys general from 18 states announced intentions to begin investigations into bonuses paid by the increasingly publicly owned insurer.

  • Cisco Systems
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    , which was recently added to Goldman Sachs’ “conviction buy list”, on Friday announced its plan to purchase Pure Digital Technologies, makers of popular, inexpensive mini-video camcorders called Flip.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
ProShares UltraShort Utilities ETF SDP 8
Papa John’s International Inc. PZZA 8
Longtop Financial Technologies Ltd. LFT 8
HMS Holding Corporation HMSY 8
Granite Construction Inc. GVA 8

View More Stocks

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TradingMarkets Making Great Traders


Real World Trading Execution Quiz
TradingMarkets

Larry Connors shares a real world trading quiz to help traders develop their risk management and strategy decisions. How you answer this quiz will dictate what your P&L will look like this year and for years to come when situations like this arise.

Big Saturday Interview: Andrew Lo of MIT’s Laboratory for Financial EngineeringTradingMarkets

Check out this week’s Big Saturday Interview with Andrew Lo, Director of MIT’s Laboratory for Financial Engineering. Lo’s status as a top academic economist provides him with a perspective that many traders do not have but can surely benefit from understanding.

Is Trillion the New Billion?TradingMarkets

How much is a lot of money? If you asked the average American if a million dollars was an unfathomable fortune what would the response be? According to TradingMarkets contributor Jesse Richards, the answer depends on when you asked.

TradingMarkets Daily PowerRatings Analysis


PowerRatings and Short ETF Profit-Taking
TradingMarkets

Sellers took stocks down for a second session in a row. Find out in today’s column how PowerRatings traders are preparing themselves to respond to the market’s next move.

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