Thursday Morning Coffee with TradingMarkets

Good Morning!

Senate Approves Bailout Bill: 74 – 25 … House To Consider New Legislation on Friday … Warren Buffett Warns Of Rising Unemployment; Invests $3 Billion in General Electric … Lilly Reportedly Considers ImClone Takeover … Auto Sales Slowdown Hits Honda, Nissan, Toyota

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TradingMarkets 7 Stocks You Need to Know for Thursday

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

  • Johnson & Johnson
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    was awarded nearly $630 million in interest in its patent lawsuit against Boston Scientific
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    involving arterial stents.

  • Plummeting auto sales sent shares of Ford
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    lower by more than 12% on Wednesday. Daimler AG
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    admitted that sales of luxury cars would remain under pressure. DAI lost more than 8% on the day.

  • Despite a $3 billion investment from Warren Buffett’s Berkshire Hathaway, General Electric
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    slid by more than 15% on Wednesday.

  • Representing continued weakness in basic materials stocks, Dow component Alcoa
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    hit a new multi-month low.

  • Takeover speculation sent shares of National City Corporation
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    higher by more than 70% on Wednesday.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Vulcan Materials Company VMC 9
NBT Bancorp Inc. NBTB 9
Home Bancshares Inc. HOMB 9
Western Alliance Bancorporation WAL 9
Viasat Inc. VSAT 8

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TradingMarkets Making Great Traders

Larry Live at NoonTradingMarkets

It’s a tough market. Let TradingMarkets co-founder and veteran trader Larry Connors show you the methods and techniques that will help you take advantage of short term opportunities in stocks and exchange-traded funds.

7 ETFs You Need to Know for ThursdayTradingMarkets

Banks and financial ETFs were higher while energy and industrial funds were lower on a day in which stocks were able to rally from intraday lows. The KBW Bank Index KBE is one of several financial ETFs in overbought territory.

TradingMarkets Daily PowerRatings Analysis

High PowerRating, Low Price: 5 Stocks for Swing TradersTradingMarkets

Buyers overwhelmed sellers intraday on Wednesday, leaving markets little changed and stocks still hovering between overbought and oversold.

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