Tuesday Morning Coffee with TradingMarkets

Good Morning!

Asian Stocks Lower On Monday … Euro Slides to New Lows … SIRI Looks to Avert Bankruptcy … UAW, GM Race Toward Deal Under Deadline Pressure … Earnings on Deck for Today Include: WMT, TEVA, RIG, JACK, RICK

Find out what traders are saying about the new book by Larry Connors and Cesar Alvarez, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Reporting quarterly earnings on Tuesday before the market opens is Wal-Mart
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    , which is expected to announce EPS of 99 cents.

  • Also announcing earnings Tuesday morning is Transocean
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    . The drilling and exploration company is expected to report earnings per share of 3.70.

  • JP Morgan Chase & Company
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    and Citigroup
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    announced that they would be suspending home foreclosures until March. The deal was part of a pledge the firms made to Congress earlier this year.

  • A number of financial media outlets including Bloomberg Television reported that Bank of America
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    will be separating its corporate banking operations from its investment banking business. The report was made late in the trading day on Friday.

  • Teva Pharmaceuticals
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    is expected to announce quarterly earnings per share of 73 cents when it reports on Tuesday.

  • Wells Fargo
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    announced that its fourth quarter loss was actually larger than originally reported. The revision results in an EPS decrease of five cents.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
United Financial Bancorp UBNK 8
Nuveen Quality IMF NQU 8
CH Energy Group CHG 8
Knight Capital Group Inc. NITE 8
LaBranche and Company LAB 8

View More Stocks

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TradingMarkets Making Great Traders


What You Need to Know Before You Short
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How can you profit from short side plays? TradingMarkets contributing writer Michael Shulman outlines some strategies to help traders plan, execute and manage risk through short selling.

Trading and Peak Performance: A Conversation with Dr. Ari KievTradingMarkets

Don’t let the market’s declining volatility lull you into complacency. Prepare yourself to trade the next big move with some thoughts and observations from this classic conversation with leading performance psychologist and trading coach, Dr. Ari Kiev.

TradingMarkets

Buyers continued to be wary of financial stocks, allowing the Financial Select Sector SDPRS ETF to remain oversold below the 200-day moving average.

TradingMarkets Daily PowerRatings Analysis


PowerRatings, Neutrality and the Waiting Game
TradingMarkets

With stocks slightly oversold and selling pressure lingering from last week, short term traders will have to be even more deliberate in their trading strategy this week.

Larry Connors Joins The Money Blogs! Click here to get a look at Larry Connors’ new blog featuring Larry Connors’ Trading Lesson of the Day for short term stock, ETF and options traders!

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