Thursday Morning Coffee with TradingMarkets
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Good Morning! |
Modest Stock Rally Sells Off Late … Health Care Among Top Sectors … Obama Calls for Broad Financial Reform … PowerRatings: 25 10-Rated Stocks … Most Oversold ETFs for Today Include: MOO, XOP, VFH, RSX, EWC …
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Consumer companies will be under the earnings spotlight on Thursday as both Carnival Corporation
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PowerRating) and Pier 1 Imports
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PowerRating) are scheduled to report. Analysts are expecting per share earnings of 29 cents from Carnival, and a per share earnings loss of 36 cents from Pier 1. Shares of Pier 1 soared by more than 13% on Wednesday before pulling back. Carnival was up a more modest 3% before its gains were nearly halved late in the trading day. - Also reporting on Thursday, though after the market closes, is Research in Motion
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PowerRating). Analysts are expecting EPS of 93 cents from the maker of the popular BlackBerry. Shares of RIMM were pulling back for a fourth consecutive trading day above the 200-day moving average late in trading on Wednesday. - JP Morgan
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PowerRating) and Goldman Sachs
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PowerRating) were among a number of banks that began repaying TARP borrowings on Wednesday. Both stocks have pulled back toward their 200-day moving average in recent days, with JP Morgan showing especially oversold intraday weakness in Wednesday’s trading. - Indicative of the strength in health care stocks on Wednesday was the rally in shares of St. Jude Medical
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PowerRating), which had become dramatically oversold above its 200-day moving average in recent days (at one point, STJ had a 2-period RSI of less than 0.5!). STJ was up more than 5% late in trading on Wednesday. - And one day after closing with a 2-period RSI of less than 3, Qualcomm
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PowerRating) rallied by more than 3%. The stock had been increasingly oversold above the 200-day moving average since a rally in QCOM reversed late last week. An upgrade from Goldman Sachs was credited Wednesday afternoon for the aggressive buying in the oversold stock.
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 |
| Visa Inc. | V | 10 |
| OptionsXpress Holdings | OXPS | 10 |
| Boeing Company | 9 | |
| JP Morgan Chase | JPM | 8 |
| Yahoo! Inc. | YHOO | 8 |
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TradingMarkets Making Great Traders |
More on ETF Trading Strategies and Historical Volatility – TradingMarkets
In part 4 of our series, Larry Connors takes a look at the 6-day historical volatility reading which can be used to help capture explosive moves in the markets.
We’re getting into the end of the quarter and Gary Kaltbaum sees plenty of sectors finding trouble. But on the other hand, there are some good news to report. See which stocks are on Gary’s focus list.
Opening and Closing Strategies for Professional Day Traders Yaho – TradingMarkets
With the advent of computers and electronic communication networks, pre-market and after-hours stock trading are pulling investor’s favor. TradingMarkets contributing writer Don Bright discusses strategies to best navigate these extended trading hours.
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TradingMarkets Daily PowerRatings Analysis |
Try Our High Probability ETF Trading Software for Traders Today – TradingMarkets
The High Probability ETF Trading Software is here. Learn more about this online resource, which helps ETF traders find the best, short-term edges every day in more than 700 exchange-traded funds.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.