Thursday Morning Coffee with TradingMarkets
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Good Morning! |
S&P 500, Dow Gain as Stress Test Reveals Capital Shortfalls at Bank of America, Citigroup … Cisco Beats By a Nickel … Asian Markets Advance on Better than Expected U.S. Jobs Report … Overbought ETFs for Today Include: XLE, ROM, DIA, EWJ, IWM ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Cisco Systems
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PowerRating) reported quarterly earnings of 30 Wednesday after the close, beating analyst estimates by five cents. The stock had traded down into oversold territory above the 200-day moving average in advance of the earnings announcement. - American Express
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PowerRating) was added to the list of financial firms that have “passed” their stress tests and will not require additional capital. Bank of America
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PowerRating) surprised investors with leaked word that the company would require nearly $34 billion in additional capital. - Earnings announcements from gold mining companies will plentiful on Thursday. Gold Fields Ltd.
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PowerRating) is expected to report EPS of 21 cents, and Goldcorp Inc.
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PowerRating) is expected to announce per share earnings of 12 cents, among many other mining companies making profit announcements before and after the bell. - 18 cents per share is what analysts are expecting to hear from Sara Lee
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PowerRating) when it reports quarterly earnings Thursday morning. Trading for less than $10 per share, the stock has been in overbought territory below the 200-day moving average for three consecutive days - Among the companies reporting quarterly earnings after the bell on Thursday are California Pizza Kitchen
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PowerRating), which is expected to report EPS of 10 cents. CPKI was down more than 4% intraday on Wednesday and is increasingly oversold above its 200-day moving average.
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 |
| 99 Cents Only Stores | NDN | 9 |
| Encore Wire Corporation | WIRE | 8 |
| Rollins Inc. | 8 | |
| MedAssets Inc. | MDAS | 8 |
| Krispy Kreme Doughnuts | KKD | 8 |
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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!
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TradingMarkets Making Great Traders |
Trading Around the 200-Day MA – TradingMarkets
Larry Connors discusses why the 200-day moving average is a good indicator to guide you as to whether to be long or short an ETF or stock.
The Current SPX Key Price Zone in Play – TradingMarkets
The SPX had a very nice run on Monday but backed off yesterday to finish in the red. Will the Non-Farm payroll report on Friday be the catalyst to reach the next higher SPX levels? Kevin Haggerty thinks the timing is certainly right.
TradingMarkets Most Overbought and Oversold ETFs for Thursday – TradingMarkets
The Energy Select Sector SPDRS ETF is overbought and due for a short term reversal. See what others made the list for Thursday.
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TradingMarkets Daily PowerRatings Analysis |
5 PowerRatings Stocks for the Next 5 Days – TradingMarkets
Looking for stocks that are likely to outperform the average stock over the next few days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start!
Click here to sign up for Larry Connors’ Trading Lesson of the Day.