Tuesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Soar on Geithner Financial Plan; Up to $1 Trillion For Toxic Assets … Asian Markets Advance on U.S. Stimulus … Yen, Greenback Slip Versus Euro … Short ETFs REW, TWM, QID Join Short ETFs SKF, DUG Below 200-day Moving Average …
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“This is a book that you will keep on your trading desk at all times because the quantified strategies presented have a very high probability of success, and that is what professional trading is all about.” – Kevin Haggerty, professional trader and former Head of Trading at Fidelity Capital Markets
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Carnival
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PowerRating) reports quarterly earnings Tuesday morning before the market opens. Analysts are expecting EPS of 18 cents. - Treasury secretary Tim Geithner’s strategy for dealing with “toxic assets” was met with aggressive buying in a number of financial stocks. Leading on the day were shares of Bank of America
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PowerRating) up more than 19% and Wells Fargo
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PowerRating), which gained more than 15% intraday on Monday. - Brokerages were also booming on Monday. E*Trade Financial
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PowerRating) was up more than 9% and Charles Schwab
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PowerRating) gained more than 5%. - Also reporting quarterly earnings before the bell Tuesday morning is The Talbots Inc.
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PowerRating), which is expected to announce an earnings per share loss of 61 cents. - The Wall Street Journal reported that Goldman Sachs
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PowerRating) is considering selling part of its near 5% stake in the Industrial &Commercial Bank of China. The sale could raise as much as $1 billion. Proceeds would contribute toward repaying $10 billion in public assistance received in 2008, according to Journal sources.
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 |
| Starent Networks Corporation | STAR | 8 |
| ProShares UltraShort Utilities ETF | SDP | 8 |
| HMS Holdings Corporation | HMSY | 8 |
| ProShares MSCI EAFE Trust ETF | EFZ | 8 |
| Autozone Inc. | AZO | 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 |
Kaltbaum to Geithner: This Had Better Work! – TradingMarkets
Massive government infusions in capital are entering the banking sector once more, and Bernanke is back to printing dollars en masse. Is it going to work this time? It better.
The Geithner Sequel to Toxic Assets – TradingMarkets
Treasury Secretary Geithner is expected to announce today a plan to expand the current $700 bill Government investment to save the financial system. Considering Geithner’s “no specifics” speech in February sent the market south, what effect will his second attempt have on the market?
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Leading the markets higher were the financials, which meant higher prices for the ProShares Ultra Financials ETF. Energy ETFs were also attracting buyers on Monday. As a result, Energy Select Sector SPDRS ETF was up more than 7% intraday.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings Strategies and the “New Bull Market” – TradingMarkets
A “new bull market” might change the tactics for some PowerRatings traders. But our high probability trading strategy will remain the same
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