Morning Coffee with TradingMarkets
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Good Morning! |
Obama, McCain Win Potomac Primaries… Coca Cola Beats Estimates… Applied Materials Reports Increased Orders for Flat Screen TV Parts… Vodaphone, BP Losers on FTSE… Pound Rallies on Hawkish Talk from Bank of England… Retail Sales Expected Lower… Genentech, Schering-Plough Up Big in Premarket Trading…
Asian stocks up… European stocks down… Greenbacks moving lower against the Euro, higher against the yen… And the futures are trending higher in the hour before the bell.
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TradingMarkets 5 Business Stories You Need to Know |
Coca Cola Beats Estimates – Bloomberg
Higher sales of soft drinks in Asia and Latin America combined with increases sales of VitaminWater in the United States helped Coca Cola realize profit gains of 79% for the quarter. When it comes to high PowerRatings stocks, you can’t do much better than Coca Cola. The stock’s perfect PowerRating makes it among those stocks that are significantly more likely than the average stock to be higher one year from now.
Goldman Rises To the Top – Financial News Online
When it comes to trading, it’s Goldman Sachs’ world and the rest of us are just living in it. Based on a filing with the Securities and Exchange Commission, it was revealed that Goldman Sachst lost less money in trading in 2007 than it did in 2006, despite the volatility in the second half of 2007 which led to losses for a great many hedge funds and money managers. That said, as an investment opportunity, Goldman Sachs’s PowerRating reveals the stock to be an average opportunity in an average industry, meaning there are likely better stocks for investors than Goldman Sachs right now.
The Bouncing Pound – Daily FX
Daily FX’s Boris Scholssberg talks about the rally in the British Pound and that likelihood that rate cuts from the Bank of England will be as restrained as the BofE is currently suggesting.
Is Unusual Options Volume Anticipating Breakdown? – Schaeffers Research
Equinix, Albemarle, Pitney Bowes and Smith & Wesson are all among the stocks experiencing atypically large options trading volume. All four stocks also have low Short Term PowerRatings of 3 or less. Does the combination of large options volume and low PowerRating provide clues to near-term direction for these stocks?
Genentech Shares Rally on Drug News – Reuters
Good news from anti-cancer drug Avastin as the drug appeared to meet goals for the reduction in breast cancer tumors in a recent study.
Based on its PowerRating, Genentech is one of the better opportunities in an industry with a number of other high PowerRating stocks. But the industry includes one stock that is more likely than Genentech to be higher in a year’s time.
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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Applied Materials
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PowerRating) beat earnings on Tuesday, with $0.23 EPS over expectations of $0.20 EPS. -
Watts
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PowerRating) beat earnings expectations on Tuesday afternoon, announcing $0.58 EPS over a consensus of $0.54 EPS. -
AES Corporation [AES| AES] reports earnings on Wednesday before the market opens, with traders looking for $0.26 EPS.
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Daktronics
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PowerRating) is expected to announce $0.11 EPS on Wednesday morning. -
Analysts are watching for Arcelor Mittal
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PowerRating) to report $1.79 EPS before the bell on Wednesday. - Coca-Cola
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PowerRating) reported quarterly earnings this morning before the bell of $0.58 EPS, beating analyst estimates. - Vonage
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PowerRating) should report -$0.10 EPS early Wednesday morning.
For a list of today s highest PowerRating stocks, click here.
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TradingMarkets 5 Top PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| Stanley | SXE | 9 |
| Perficient | PRFT | 8 |
| Matria Healthcare | MATR | 8 |
| Humana | HUM | 8 |
| Deluxe | DLX | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Ari Kiev and Intelligent Trading Risk – TradingMarkets
Ari Kiev, famous psychologist and author of the book, Trading to Win:
The Psychology of Mastering the Markets, talks about risk and risk management in trading in this special article for TradingMarkets.com.
Teresa Lo’s and the Sentiment Cycle – Invivoanalytics
Starting with Justin Mamis’ famous Sentiment Cycle, trader Teresa Lo embarks upon an extended discussion of trading psychology, from the last “buy the dip” urge in a rising market to final stages of “disbelief”, “panic” and “despair” before the markets bottom and begin to climb the so-called “wall of worry”, moving higher once again. Lo’s article on trading and position sizing was featured at TradingMarkets.com earlier this year.
Up or Down? A Stock Picking Contest from TradingMarkets – TradingMarkets
We pick the stock. You pick the direction. Sign up today for TradingMarkets new stock market contest and compete for $14,000 in cash prizes. Registration is free and you can start playing today.
View Portfolios of Prominent Investors
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TradingMarkets Playbook |
It has been some time since traders were able to break out the rally towels, but that is where we find ourselves this morning, as we wait to find out whether yesterday’s advance will see follow-through over the balance of the week. Stocks in the short-term are increasingly oversold, which provides a potential opportunity for traders to bet against weak stocks rallying into their 200-day moving averages, while also looking to bet on strong stocks that are finding support at current levels.
That said, our TradingMarkets Stock Indicators are revealing the market to have far more stocks that are either overbought or up by 10% or more compared to the number of stocks that are either oversold or down by 10% or more.
And while you’re waiting for good stocks to come in and bad stocks to fall down, take a look at our new trading contest, Up or Down. We pick the stock. You tell us which way the stock is headed for the next day. Register now for a chance to win up to $14,000 in cash prizes.
David Penn is Senior Editor at TradingMarkets.com.
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