Monday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks End Week Higher … Financial Stocks Soar Led by WFC, BAC, MS … IBM Deal to Buy Sun Micro “Collapsed” … Asian Markets Advance … Most Overbought ETFs Include: XLF, EWH, SPY … Most Oversold ETFs Include: GLD, DOG, SIJ ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Research in Motion
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PowerRating) continued to climb after reporting earnings that were significantly higher than analyst expectations Thursday after the market closed. RIMM closed up more than 20% on Friday and is now more overbought below the 200-day moving average than at any point since mid-January. - IBM
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PowerRating) on Monday. Both stocks finished higher on Friday, with JAVA up more than 3% and IBM more than 1%. - An analyst at Bernstein Research downgraded shares of Bristol-Myers Squibb
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PowerRating) on Friday after concluding that the pharmaceutical company was unlikely to be bought out. BMY is now rated by the firm as “market perform” from “outperform.” - Although many health care stocks sold off on Friday, a number of biotechnology stocks advanced including those of Celgene Corporation
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PowerRating) and Gilead Sciences
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PowerRating) - The best performing stock in the Nasdaq 100 this past week was Wynn Resorts
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PowerRating). Trading below its 200-day moving average, WYNN has closed higher for the past four consecutive sessions.
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 |
| Family Dollar Stores | FDO | 9 |
| ProShares UltraShort Consumer Goods ETF | SZK | 8 |
| ProShares Short S&P 500 ETF | SH | 8 |
| Dollar Tree Inc.. | DLTR | 8 |
| Zion Oil & Gas (note corrected symbol) | ZN | 7 |
| View More Stocks |
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TradingMarkets Making Great Traders |
8 Common Themes in Bear to Bull Market Transitions – TradingMarkets
Larry Connors shares with you the common themes in bear-to-bull market transitions. Not only will you be able to apply these guidelines to this market, you’ll likely be able to use them for future bear-to-bull transitions.
Fly Like a Condor: Trading Options and ETFs with Jared Woodard – TradingMarkets
Check out our fascinating conversation with Jared Woodard, as he talks about his background as an independent trader, why he likes options and why iron condors are an excellent options trading strategy for both new and veteran traders.
New Book: High Probability ETF Trading Now Available for Pre-Order – TradingMarkets
ETFs are an alternative that more and more traders are turning to. And for those short term traders looking for quantified, backtested strategies with impressive per trade win-rates, Larry Connors’ latest book is a must-own manual, guide and reference.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings: Trading Recession Stocks and Short ETFs – TradingMarkets
With opportunities to buy pullbacks dwindling on rallying markets worldwide, traders can still spot potential trades in the markets that have fallen temporarily out of favor.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.