Thursday Morning Coffee with TradingMarkets
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Good Morning! |
Automakers Appear Before Congress for Loan Talks … Ford Looking to Sell Volvo Unit … New Zealand Slashes Cash Rate to 5% … State Street, Adobe Slash Jobs … Toll Brothers, Sanderson Farms, and Smithfield Foods Report Earnings Today
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 7 Stocks You Need to Know for Thursday |
Here are 7 stocks for traders for Thursday from TradingMarkets.com:
- A ComScore report saying that online sales on Cyber Monday were second only to those from last December helped boost shares of Amazon.com
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PowerRating) on Wednesday. - Among the weakest stocks in the market on Wednesday were metal and mining stocks. Freeport McMoran Copper & Gold
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PowerRating) fell by more than 20% as the company reported that it was suspending its dividend and considering writedowns if metal prices remained soft. - Also struggling on Wednesday were oil service stocks such as Schlumberger
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PowerRating), which warned of lower profits for fiscal 2008. - Speculation grew late on Wednesday that Toshiba would make a takeover bid for SanDisk
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PowerRating). SanDisk has been in the news in recent months as a potential acquiree, with Samsung the most recent failed suitor. - General Motors
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PowerRating), Ford Motor Company
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PowerRating) and Chrysler won major concessions from the United Auto Workers union one day after announcing restructuring plans that combined ask for $36 billion in assistance. - Toll Brothers
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PowerRating) reports quarterly earnings Thursday morning before the market opens. Analysts are expecting an EPS loss of 47 cents.
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 |
| ProShares Short QQQ | PSQ | 6 |
| ProShares UltraShort Financials | SKF | 6 |
| ProShares UltraShort Technology | REW | 6 |
| ProShares UltraShort Russell 2000 | TWM | 6 |
| ProShares UltraShort Consumer Svcs | SCC | 6 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Buy Weakness Below SPX 800 for Rally into Year End
– TradingMarkets
There was no reason not to expect a significant pullback this week, but the SPX mini meltdown yesterday was an unexpected fear move. Kevin Haggerty gives traders the heads-up on how to play the market into year end.
Have stocks bottomed? Kevin Haggerty explains it all Thursday afternoon at 12:30 p.m. Find out how pro trader and former head of the Fidelity Capital Markets trading desk is spotting money-making opportunities as 2008 ends and 2009 begins. Click here!
How to Manage Market Volatility and Its Impact on Your Portfolio – TradingMarkets
TradingMarkets contributor Kurt Eckhardt examines popular investment vehicles and how investors can prepare themselves for the volatility that can negatively impact their portfolio.
7 ETFs You Need to Know for Today – TradingMarkets
Telecommunications stocks continue to impress investors and traders, providing potential opportunity in exchange-traded funds oriented around the sector, such as the iShares S&P Global Telecommunications ETF.
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TradingMarkets Daily PowerRatings Analysis |
Swing Trading and the Waiting Game – TradingMarkets
Neither overbought nor oversold, stocks are standing pat for now. So should smart swing traders.
Click here to get a peek at the new blog, Market Moods, by TradingMarkets Editor David Penn!
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