Tuesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stock Rally Fades Late … Asian Stocks Advance for Third Consecutive Session … Obama Pressures AIG on Bonuses … Ackman Looks to Join Target Board … Earnings on Deck for Today Include: ABDE, DRI, CSIQ …
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“In Short Term Trading Strategies That Work, Larry Connors has crafted a worthy success to How Markets Really Work, utilizing a quantitative approach to identifying opportunities that take advantage of market trends and pullbacks. Readers will find the sections on stops and exits to be particularly enlightening.” – Bill Luby, professional trader.
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Wells Fargo & Co.
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PowerRating) chairman Richard Kovacevich blasted the U.S. government for adding conditions to the TARP assistance the financial firm has already received. Kovacevich claimed that Wells Fargo had been forced to lower its dividend because of additional TARP stipulations. - A number of companies are reporting earnings after the bell on Tuesday. They include Adobe Systems
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PowerRating), which is expected to announce EPS of 0.38, and Darden Restaurants
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PowerRating). Analysts are expecting to hear earnings per share of 68 cents from Darden. - Casinos as collateral? MGM Mirage
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PowerRating) is looking into using its casinos to help avoid defaulting on its bank loans. - President Obama pledged to use the leverage of the White House in an effort to stop American International Group
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PowerRating) from paying out $165 million in bonuses. The development only adds to the controversy surrounding AIG, which is also under fire for its transfer of more than $100 billion in public assistance to counterparties. - Activist investor Bill Ackman has announced his intention to nominate himself to the board of Target
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PowerRating), which continues to play catch-up with larger rival, Wal-Mart
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PowerRating).
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 UltraShort Utilities ETF | SDP | 9 |
| ProShares Short Dow 30 ETF | DOG | 9 |
| ProShares UltraShort Russell 2000 ETF | TWM | 8 |
| ProShares UltraShort Financials ETF | SKF | 8 |
| Rydex Inverse 2x Russell 2000 ETF | RRZ | 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 |
Correlations and ETF Trading Strategies – TradingMarkets
Time and time again, Larry Connors has said that the markets over the past few months have been highly correlated. In this trading lesson, Larry shares with you a site that is a useful utility for identifying and measuring correlations in your trading positions.
Using Direction to Fine Tune Your Indicators – TradingMarkets
TradingMarkets Contributor Charles LeBeau takes a look at some favorite indicators and how traders can fine tune them to favor the primary direction of the market.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
The Financial Select Sector SPDRS ETF was up by nearly 4%, helping the S&P 500 extend its winning streak from the previous week. Energy ETFs was also one of the biggest gainers with the the Energy Select Sector SPDRS ETF up by nearly 3% on Monday.
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TradingMarkets Daily PowerRatings Analysis |
5 PowerRatings Stocks for the Next 5 Days – TradingMarkets
Looking for stocks that are likely to be higher than 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.