Monday Morning Coffee with TradingMarkets
 |
Good Morning! |
U.S. Stocks Begin Week Oversold … Asian Markets Retreat on Earnings Anxieties … Treasuries Gain in Advance of Fed Debt Purchases … Risk Aversion Sends Euro Lower Against Greenback … Oversold ETFs for Today Include: EWZ, EWH, SLV, ILF, JNK ….
|
TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Scheduled to report quarterly earnings Monday before the market opens is Lowe’s Companies
(
LOW |
Quote |
Chart |
News |
PowerRating). Analysts are expecting EPS of 25 cents. The stock was down more than 2% intraday on Friday. - General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) announced that it will be terminating more than 1,000 dealerships by late 2010. The announcement comes after Chrysler had said it would be eliminating more than 800 dealerships a day before. Shares of GM were down more than 5% late in trading on Friday. - On the other hand, Ford Motor Company
(
F |
Quote |
Chart |
News |
PowerRating) continued to bound higher after reaching oversold lows above its 200-day moving average earlier in the week. The stock was up more than 5% intraday on Friday. - With news that many insurers will be accepting TARP assistance, insurance companies like Prudential Financial
(
PRU |
Quote |
Chart |
News |
PowerRating) are among those that will not, according to a Wall Street Journal report. Prudential pulled back toward its 200-day moving average on Friday after a one-day bounce, losing more than 4%. - JC Penny
(
JCP |
Quote |
Chart |
News |
PowerRating) failed to sustain an intraday rally for a second day in a row. The company reported worse than expected earnings and revenue forecasts for the second quarter. - Among the better performing Nasdaq stocks was game maker Electronic Arts
(
ERTS |
Quote |
Chart |
News |
PowerRating), which gained more than 5% intraday. The surge puts ERTS in overbought territory below the 200-day moving average. - According to the Wall Street Journal, the government is urging Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating) to rebuild its board of directors, adding more board members with actual banking experience. Shares of Bank of America were down more than 5% intraday on Friday, closing lower for six out of the past seven trading days.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Superconductor Technologies | SCON | 10 |
| Meredith Corporation | MDP | 10 |
| XTO Energy Inc. | 9 | |
| Target Corporation | TGT | 9 |
| Rockwell Automation | ROK | 9 |
| 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!
|
TradingMarkets Making Great Traders |
How to Successfully Trade ETFs – TradingMarkets
ETFs are a great tool to make more money and diversify your portfolio, but choosing which ETFs to trade isn’t an easy decision. In this trading lesson, Larry Connors discusses the basics of finding the best ETFs for you to trade each day.
Trading and Hedging Risk with Steve Temes of Lincoln Capital, Part 2 – TradingMarkets
What do traders need to do in terms of risk management in order to deal with this new risk? This is the topic of the second half of our conversation with Steve Temes, founder and managing director of Lincoln Capital.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
The heaviest selling on the final trading day of the week was in the energy sector, leading the Energy Select Sector SPDRS ETF down more than 2% intraday on Friday.
|
TradingMarkets Daily PowerRatings Analysis |
How to Find the Best Stocks to Trade Every Day – TradingMarkets
Larry Connors explains the main focus of PowerRatings, which remains the single most popular tool on TradingMarkets.com to help traders and investors in selecting the best stocks to trade every day.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.