Tuesday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Slide on Tech Selling … Asian Stocks Lower in Volatile Trading … Dollar Higher Against Yen … Oil Advances … Merck Buys Schering- Plough for $41 Billion … Earnings on Deck for Today Include: KR, DKS, SAM …

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TradingMarkets 7 Stocks You Need to Know for Today

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

  • Merck
    (
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    announced that it was acquiring Schering-Plough
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    in a cash and stock deal valued at more than $41 billion.

  • Reporting quarterly earnings Tuesday morning before the market opens, Kroger
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    is expected to announce EPS of 52 cents.

  • Also scheduled to announce earnings before the bell Tuesday morning is Dick’s Sporting Goods
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    . Analysts are expecting the retailer to report earnings per share of 0.53.

  • Shares of Google
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    slid by nearly 5% on Monday on growing concerns that a global economic slowdown would limit tech sector earnings and revenues.

  • Boston Beer Company
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    is expected to announce quarterly EPS of 37 cents during the trading day on Tuesday.

  • President Obama’s decision to lift restrictions on public funding for stem cell research lifted the fortunes of biotechnology companies like StemCells Inc.
    (
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    , which gained more than 40% on the day.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Odyssey Re Holdings ORH 9
Corinthian Colleges Inc. COCO 8
Epiq Systems Inc. EPIQ 8
Palm Inc. PALM 8
Career Education Corporation CECO 8

View More Stocks

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TradingMarkets Making Great Traders


How to Trade ETFs: Triple Leverage and the Direxion ETFs
TradingMarkets

Larry Connors shares with you a list of triple Leverage and the Direxion ETFs. Over the next few days, we’ll look at a number of ways to trade them with specific strategies to lower your risk while growing the value of your portfolio.

Don Miller on Trading and ImprovisationTradingMarkets

In our new series, short term trader and TradingMarkets contributor Don Miller addresses an issue that is central to most traders: the balance between improvisation and “following the rules.”

TradingMarkets 7 ETFs You Need to Know for TodayTradingMarkets

Financial stocks soared, while ETFs based on technology stocks struggled in trading on Monday. Traders were busy in the energy sector, leaving energy ETFs like the Vanguard Energy ETF off their intraday highs.

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.