Thursday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Fade Late on Wednesday … GMAC to Get Additional Capital … Euro, Yen, Pound Gain Against Greenback … Most ETFs Neutral or Overbought … Earnings on Deck for Today Include: GMe, HRL, FL, HIBB, GPS ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Up more than 2% in advance of its earnings report due out before the market opens on Thursday is GameStop Corporation
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PowerRating). The stock has traded in $2 range below its 200-day moving average for the past two weeks. Analysts are expecting GameStop to report per share earnings of 41 cents. - Also reporting quarterly earnings before the bell on Thursday is Hormel Foods
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PowerRating), which closed lower after closing higher for for six consecutive trading days above its 200-day moving average. Per share earnings of 50 cents is what analysts are expecting to hear from Hormel Foods. - Shares of McDonald’s
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PowerRating) soared by more than 5% intraday on Wednesday, closing at their highest levels since early February. MCD continues to trade below its 200-day moving average. - A number of retailers are reporting after the market closes on Thursday including Foot Locker
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PowerRating) and Hibbett Sports
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PowerRating). Analysts are expecting EPS of 13 cents from Foot Locker, and per share earnings of 38 cents from Hibbett Sports. Both stocks pulled back to or toward their 200-day moving averages on Wednesday. - Pulling back by more than 10% over the past two days while trading above its 200-day moving average are shares of Palm Inc.
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PowerRating), which were downgraded to “underperform” by an analyst at Needham & Company. - Analysts are expecting per share earnings of 30 cents from The Gap
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PowerRating) when the company announces quarterly earnings after the market closes on Thursday. Shares of the retailer reversed after moving higher for most of the trading day on Wednesday.
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 |
| The Pantry | PTRY | 9 |
| Taleo Corporation | TLEO | 8 |
| The Province Service Corp. | 8 | |
| Hansen Natural Corporation | HANS | 8 |
| Blyth Inc. | BTH | 8 |
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TradingMarkets Making Great Traders |
ETF Trading Seminar with Larry Connors – TradingMarkets
Learn how the high probability TPS trading course can greatly improve your trading results. Join Larry on Thursday afternoon at 4:30 pm for an online 45 minute presentation on TPS.
For Trading Success Be Open to Every Possibility – TradingMarkets
If you’re looking for a trading strategy to increase your potential for profit in the market, then these simple tips by Tradingmarkets contributor Kurt Eckhardt provides an easy-to-understand and disciplined approach to trading.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Energy ETFs were among those highest in demand on Wednesday, pushing some of the more widely-traded energy funds, such as the iShares Dow Jones U.S. Energy ETF, deeper into overbought territory below the 200-day moving average.
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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.