Thursday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Edge Higher … Retailers Among Biggest Gainers … Asian Stocks Rally on Japanese Spending Pledge … Most ETFs in Neutral Territory, Overbought ETFs Include: IFN, EWZ, XLU …

Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • The acquisition of Centex Corporation
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    by Pulte Homes
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    for $1.3 billion in stock suggests a major bet by Pulte on the likelihood of a housing market that has stabilized. The combined company will be the largest home builder in the United States.

  • Reporting quarterly earnings Thursday morning before the market opens is Jos.A. Bank Clothiers
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    . Analysts are expecting EPS of 1.51.

  • Earnings per share of 93 cents are what analysts are expecting from Chevron Corporation
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    when it reports quarterly earnings after the bell on Thursday.

  • Bed Bath and Beyond
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    soared by more than 20% on Wednesday after surprising analysts with fourth quarter profits that were not as bad as feared.

  • JP Morgan Chase & Co.
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    upgraded shares of Goodyear Tire and Rubber
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    to “overweight” from “neutral,” citing the potential for stabilization in the auto industry over the next few months.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
ITT Educational Services ESI 9
Haverty Furniture Companies Inc. HVT 9
Royal Gold RGLD 8
Newmont Mining Corporation NEM 8
Leap Wireless International LEAP 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


The Making of a New Bull Market, Part 3
TradingMarkets

In the last two trading lessons, we looked at the past 7 bull markets since 1982 and the common characteristics of these bear-to-bull market transitions. Today, Larry Connors continues his in depth analysis of the 8 common themes of most new bull markets.

Battle Plan Trade of the Week: DIA Are Forever TradingMarkets

For our Battle Plan trade this week, we went back to the wellspring of overbought ETFs trading below their 200-day moving averages, with the Dow Diamonds ETF. The overbought ETF picked up a gain of more than 2.5% in 7 days.

A Simple Day Trading StrategyTradingMarkets

In this article by TradingMarkets contributor Markus Heitkoetter, you will learn how to have confidence in your trading decisions by using a simple day trading strategy to trade the futures market.

TradingMarkets Daily PowerRatings Analysis


PowerRatings Does It Again – Results for 2008
TradingMarkets

The results for PowerRatings for 2008 are in and again the top rated PowerRatings stocks outperformed the average stock over a 5-day period.

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