Thursday Morning Coffee with TradingMarkets

Good Morning!

U.S. Market Press Higher as Overbought Conditions Spread … Japanese Stocks Advance on U.S. Rally … OPEC To Stand Pat On Production … Euro Gains Against Greenback … Most Oversold ETFs for Thursday Include: LQD, GLD, GDX …

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TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

  • National Beverage Corp
    (
    FIZZ |
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    has its sights set on fiscal first quarter earning 2010 of 19 cents/share on Thursday after the close.

  • National Semiconductor
    (
    NSM |
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    is also announcing results after the bell on Thursday with an expected fiscal first quarter earnings of 7 cents/share.

  • 7 cents/share is the forecast number for Hooker Furniture‘s
    (
    HOFT |
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    fiscal second quarter 2010 revealed before the trading day on Thursday morning.

  • Athletic clothes maker, Lululemon Athletica
    (
    LULU |
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    is racing for a fiscal second quarter 2010 EPS of 10 cents before the bell.

  • The gold spike resulted in Barrick Gold
    (
    ABX |
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    stating it would significantly reduce its gold hedges triggering a 4% drop in the stock price immediately after the announcement.

  • Wells Fargo
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    WFC |
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    has increased its mortgage modification program by 64% in the last 30 days to assist home owners not able to maintain payments.

  • Europe’s third biggest oil producer, Total
    (
    TOT |
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    , cut its full year production forecast on weakening demand.

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Penn National Gaming Inc. PENN 9
McGraw-Hill Companies MHP 9
Orix Corporation ADRS 8
Lasercard Corporation LCRD 8
Seachange International Inc. SEAC 8

View More Stocks

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TradingMarkets Making Great Traders

TradingMarkets

How do traders accurately and honestly measure the trade-offs between risk and reward? Larry recommends a new book by Eric Falkenstein that answers those questions.

TradingMarkets

Peter Reznicek concludes this series with these trading strategies to help you start day-trading with confidence and consistency.


Larry Connors’ Battle Plan: First Leveraged ETF Trade a Home Run
TradingMarkets

A first pitch home run for Leveraged ETFs as high probability trading strategies continue to reap rewards for traders and subscribers of Larry Connors’ Daily Battle Plan.

TradingMarkets 7 ETFs You Need to Know for Today

Nasdaq Bests Dow as Industrial, Financial Stocks Lead Stocks HigherTradingMarkets

Financial and health care stocks joined industrials in leading markets higher on Wednesday. Among the 7 ETFs to Know for Thursday’s trading is the PowerShares

QQQ Trust ETF, QQQQ.

Click here to sign up for Larry Connors’ Trading Lesson of the Day.