Thursday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Edge Lower … Money Flows Still Favor Equities Over Cash … Former Apple Exec Takes Over at Palm … Fears of Right Rates Grow … Most Oversold ETFs for Today Include: GDX, EWT, RTH ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- It’s official: the United States government is now the largest shareholder in Citigroup
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PowerRating), as outlined in a new agreement that provides the institution with $58 billion in new equity. - Home Depot
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PowerRating) suggested that earnings for 2009 would not be as bad as feared. The stock, which trades above its 200-day moving average, opened higher but sold off over the day to close back in the range the stock has traveled in for the past six trading days. - Procter & Gamble
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PowerRating) will be promoting its chief operating officer, Robert McDonald, to CEO. McDonald was also previously responsible for the corporation’s Asian unit. The stock has been out of favor recently, closing lower on Wednesday for a fourth out of the past five days and trading below its 200-day moving average. - Steel stocks were in demand on Wednesday, with U.S. Steel
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PowerRating) soaring by more than 5% and crossing back above its 200-day moving average for the first time since August 2008. AK Steel Holding Company
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PowerRating) gained more than 4%. - Shares of Apple
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PowerRating) may be on the verge of a pullback above the 200-day moving average, its 2-period RSI having dropped from more than 99 to less than 10 in three days. - Another stock to open above its 200-day moving average but close back below it on Wednesday was Chevron Corporation
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PowerRating), which hasn’t closed above that level since July 2008.
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 |
| Jo-Ann Stores Inc. | JAS | 10 |
| Amerco | UHAL | 9 |
| Synnex Corporation | 9 | |
| International Game Technology | IGT | 8 |
| Apple Inc. | AAPL | 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!
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TradingMarkets Making Great Traders |
Myth-Busting and the Efficient Market Theory – TradingMarkets
Is the market really efficient? Larry Connors shares with you a newly published book which ties into the heart of how we view the market and how traders can take advantage of market inefficiencies.
Matthew Cherry takes a closer look at what makes the Average True Range indicator so useful for short-term trading.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Selling in financials weighed down the S&P 500 at midweek. Among those sector ETFs pulling back above their 200-day moving averages
are the SPDR S&P Retail ETF and the Consumer Discretionary Select Sector SPDRS ETF.
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TradingMarkets Daily PowerRatings Analysis |
5 PowerRatings Stocks for the Next 5 Days: KO, AAPL, CME, MCD, GOOG – 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.