Thursday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Sharply Lower On Wednesday … Asian Stocks Lower … Apple CEO Jobs to Take Medical Leave Through June … Bank of America Seeks Public Funds to Ease Merrill Lynch Acquisition … Wednesday’s Top Stocks Include: MHS, AGN, ZGEN, YHOO, FSYS

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TradingMarkets 7 Stocks You Need to Know for Today

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

  • Citigroup
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    plunged on Wednesday, as skeptics doubted that the company’s plan to sell off parts of itself such as its Smith Barney brokerage unit will help raise much-needed capital.

  • Also putting a wet blanket on financial stocks was word from Deutsche Bank AG
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    that it would likely report fourth quarter losses of approximately 4.8 billion euros. Losses for the year were expected to be just short of EUR 4 billion.

  • JP Morgan Chase
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    reports quarterly earnings Thursday before the market opens. Analysts are expecting an earnings per share loss of one cent.

  • Nortel Networks
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    filed for bankruptcy protection in the United States and Canada on Wednesday. Falling demand for the company’s telecommunications hardware was blamed for the company’s financial problems.

  • Disappointing retails sales encouraged sellers to send shares of Target
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    lower for the sixth consecutive trading session.

  • Intel
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    is expected to announce EPS of four cents when it reports quarterly earnings Thursday after the close.

  • Also reporting quarterly earnings Thursday after the bell is Genentech
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    . Analysts are expecting EPS of 0.96.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Petmed Express Inc. PETS 9
Continental Airlines Inc. CAL 9
UltraLife Corporation ULBI 8
Skywest Inc. SKYW 8
Royal Gold Inc. RGLD 8

View More Stocks

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TradingMarkets Making Great Traders


How to Successfully Trade the Russell 2000 E-mini Futures, Part 2
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TradingMarkets contributor Austin Passamonte continues his analyst of the E-mini Russell 2000 futures, as well as, answers some questions on volume and open interest.

How Forex and Stock Trading DifferTradingMarkets

Professional investor and trader John Taxiarchos discusses the key differences between the stock and forex markets to help you feel confident in your trading decisions.

TradingMarkets

Oversold conditions in a number of sectors led only to further oversold conditions on Wednesday as poor retail sales and worries about the banking industry encouraged heavy selling.

TradingMarkets Daily PowerRatings Analysis


Trading the Big Pullbacks
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The bigger the stretch, the greater the potential reward when stocks and ETFs return from overbought and oversold extremes.

Larry Connors Joins The Money Blogs! Click here to get a look at Larry Connors’ new blog featuring Larry Connors’ Trading Lesson of the Day for short term stock, ETF and options traders!

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