Monday Morning Coffee with TradingMarkets
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Good Morning! |
The S&P 500 has become less oversold over the past few days as the markets test their year-to-date lows from March. The Nasdaq Composite remains the most oversold, with the Dow stocks experiencing a dramatic decrease in selling pressure over the past few days. Strong buying pressure on Friday helped lift the U.S. Dollar out of oversold territory. The Euro has begun to pull back from its recent highs. Crude oil continued higher on Friday and gold – like the Euro – made a Friday retreat from overbought territory, as well.
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 5 Business Stories You Need to Know |
Nvidia Disappoints, Dives (NVDA) – ZDNet Blogs
Was it the competition or the botched chips that contributed to Nvidia decision to warn analysts about a disappointing second quarter?
Nvidia is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether Nvidia will be Up or Down on Tuesday. Click here to register for free for your chance to win $1,000 by correctly guessing the direction of a stock!
Q2 Earnings Season Begins Tuesday – BusinessWeek
Will upside surprises characterize the beginning of earnings season this week? And will traders find reason to buy or sell shares of Pepsi Bottling Group
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PowerRating) and Alcoa
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PowerRating), which are among the first to report earnings on Tuesday?
About Those Dollar Pegs – Financial Times
A report from Abu Dhabi weighing the merits of tracking a diversified basket of currencies rather than a simple dollar peg draws renewed focus on the value of the American Dollar.
Betting on a Pullback – Wall Street Journal
Bear markets come to claim all stocks – including those in previously loved sectors like energy and materials, according to this analyst from the Wall Street Journal.
The Case for Time Warner (TWX) – Barrons
The venerable weekender hints at opportunities in a media communications stock that is likely to see a boost in the wake of the planned spin-off of its cable unit.
For more stories as they happen, go to our Breaking News section.
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
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General Motors
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PowerRating) announced plans to introduce a “mini-car” in an effort to attract American auto buyers who are turning away from SUVs and large size pickups. - Fortress Investment Group LLC and Centerbridge Partners announced that they were walking away from their $6.1 billion play to buy Penn National Gaming
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PowerRating) due to financing concerns. - Freddie Mac
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PowerRating) shares were lower by nearly 9% on Thursday as the company announced that it would be looking to raise additional capital in August. - Shares of Aetna
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PowerRating) closed lower by more than 6% on word that Goldman Sachs
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PowerRating) was downgrading the stock from “neutral” to “sell.” HealthNet
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PowerRating) plunged more than 30% after reporting that growing competition and decreased demand for its chips would force a lowering of the company’s second quarter forecast.
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 |
| Exide Technologies | XIDE | 9 |
| Valmont Industries | VMI | 9 |
| Silicon Image Inc. | SIMG | 9 |
| Volterra Semiconductor | VLTR | 8 |
| TTM Technologies Inc. | TTMI | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
“Not Dead, Can’t Quit” No Limit Thinking with Navy Seal Vet Richard Machowicz – TradingMarkets
If you were away from your desk for the Independence Day holiday weekend, then you might have missed our replay of Larry Connor’s classic interview with former Navy SEAL and host of Discovery Channel’s FutureWeapons program, Richard Machowicz. If you are having a hard time with doubt and self-confidence, then Machowicz has some words for you.
Making Great Traders – TradingMarkets
TradingMarkets VP Eddie Kwong provides readers with his weekly digest of the best of the week that was at TradingMarkets. From tips on how to learn from losses with Robin Dayne to tricks to help you stay ahead during market downturns with Jeff Greenblatt, come read the best of the week’s trading lessons at Tradingmarkets!
Traders: Prepare for Battle! – TradingMarkets
Have you heard about the TradingMarkets Battle Plan for Stocks, our daily strategy guide for traders of stocks, ETFs and options? Long and short trade candidates, audio market commentary from Larry Connors himself, and a plan of attack provided every single morning before the open for traders looking to buy stocks on pullback and sell stocks into strength. Click the link above to see what the Battle Plan has to offer.
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