Thursday Morning Coffee with TradingMarkets
 |
Good Morning! |
U.S. Stocks Rally from Severely Oversold Conditions … Asian Stocks Rally On China Spending Pledge … Bond ETFs Still Oversold; Brazil, Taiwan, Latin American ETFs Overbought … Earnings on Deck for Today Include: BBI, URBN, MRVL …
Learn how to improve your trading! Click here!
“Larry Connors has years of trading experience and has once again put that experience to paper with this book. I was just a few pages into it when his message hit home. As a result, I have already improved my methods to become better at what I do.” – Michael Kahn, CMT, Columnist for Barrons Online, Editor, Quick Takes Pro newsletter
|
TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- The Supreme Court ruled in favor of a Vermont women who sued Wyeth
(
WYE |
Quote |
Chart |
News |
PowerRating) after losing an arm to gangrene due to an interaction with a Wyeth anti-nausea drug. - News of additional economic stimulus efforts in China have boosted interest in industrial machinery companies like Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating) which soared by more than 14% on Wednesday. - The prospect of renewed economic activity in China has also been credited for the bounce in copper prices. And higher copper prices are a good thing for miners like Freeport-McMoran Copper & Gold
(
FCX |
Quote |
Chart |
News |
PowerRating). FCX gained more than 13%. - Blockbuster
(
BBI |
Quote |
Chart |
News |
PowerRating) is expected to report quarterly earnings Thursday morning before the bell. Analysts are expecting EPS of 25 cents. - Also reporting earnings before the market opens on Thursday are Urban Outfitters
(
URBN |
Quote |
Chart |
News |
PowerRating), which is expected to announce per share earnings of 28 cents. - Analysts are expecting Marvell Technology Group
(
MRVL |
Quote |
Chart |
News |
PowerRating) to report EPS of 0.01 Thursday before the market opens. - Shares of US Bancorp
(
USB |
Quote |
Chart |
News |
PowerRating) slid by more than 9% on Wednesday as the company announced that it was cutting its dividend by more than 85%.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Emergent Biosolutions Inc. | EBS | 9 |
| Central Garden and Pet Company | CENT | 9 |
| Apollo Group | APOL | 9 |
| U.S. Gold Corporation | UXG | 8 |
| Career Education Corporation | CECO | 8 |
| View More Stocks |
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!
|
TradingMarkets Making Great Traders |
An Inside Look at Trading ProShares ETFs – TradingMarkets
In this trading lesson, Larry Connors shares three key points for trading ProShare ETFs from Michael Sapir, the CEO of ProShares. These key points can make it possible for traders to take advantage of the right edges in the right ETFs.
3 Ways Some Traders Get More Favorable Tax Status – TradingMarkets
Just because you call yourself a securities trader doesn’t make you one in the eyes of the Internal Revenue Service. Thus you may be denied a more favorable tax status – unless you meet a number of criteria.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Rallying oil prices continued to benefit energy ETFs like the iShares Dow Jones U.S. Energy Index ETF which was up by more than 4% intraday on Wednesday.
|
TradingMarkets Daily PowerRatings Analysis |
PowerRatings ETF Trading Strategies: Fading the Bounce? – TradingMarkets
When stocks rally, short ETFs begin pulling back – and earning Short Term PowerRatings upgrades in the process. Here are a few places for short term traders to look for the next high probability trading opportunity.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.