Tuesday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Retreat from Overbought Conditions Below 200-Day … Overbought ETFs for Today: EWH, QQQQ, HYG … Oversold ETFs for Today: TLT, GLD, SZK … Top PowerRatings Stocks Include Miners, Pharmaceuticals … IBM, Sun Micro Deal in Doubt … AA Earnings After the Bell …

Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Takeover talks between IBM
    (
    IBM |
    Quote |
    Chart |
    News |
    PowerRating)
    and Sun Microsystems
    (
    JAVA |
    Quote |
    Chart |
    News |
    PowerRating)
    have collapsed over pricing concerns and Sun Micro’s condition that IBM commit to the deal through anticipated anti-trust scrutiny.

  • The demise of an IBM-Sun Microsystems deal has raised speculation that Cisco Systems
    (
    CSCO |
    Quote |
    Chart |
    News |
    PowerRating)
    might step in as a potential acquirer of Sun Microsystems. A Goldman Sachs
    (
    GS |
    Quote |
    Chart |
    News |
    PowerRating)
    analyst downgraded shares of Cisco from “conviction buy” to neutral after the stock reached the analyst’s $18 price target.

  • Pier 1 Imports
    (
    PIR |
    Quote |
    Chart |
    News |
    PowerRating)
    reports quarterly earnings Tuesday morning before the market opens. Analysts are expecting an earnings per share loss of 34 cents.

  • Continuing to soar and increasingly overbought below its 200-day moving average is Research in Motion
    (
    RIMM |
    Quote |
    Chart |
    News |
    PowerRating)
    , which gained another 7% on Monday.

  • Announcing earnings after the market closes on Tuesday, Alcoa
    (
    AA |
    Quote |
    Chart |
    News |
    PowerRating)
    is expected to report an EPS loss of 51 cents.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
AngloGold Ashanti Ltd. AU 9
ProShares UltraShort Industrials ETF SIJ 8
Myriad Genetics Inc. MYGN 8
SPDRS Gold Shares ETF GLD 8
Dollar Tree Inc. DLTR 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!

TradingMarkets Making Great Traders


How to Find the Best Stocks to Trade Every Day
TradingMarkets

Larry Connors explains the main focus of PowerRatings, which remains the single most popular tool on TradingMarkets.com to help traders and investors in selecting the best stocks to trade every day.

4 Ways to Think Like a Winning TraderTradingMarkets

Do you have the mindset of a winning trader? Tradingmarkets contributing writer Kurt Eckhardt teaches you how to think like a winning trader and helps you to achieve a whole new level of understanding of the market.

TradingMarkets 7 ETFs You Need to Know for TodayTradingMarkets

Monday saw lower levels across the board for a variety of sectors and international markets. Both basic materials ETFs and gold ETFs were lower on the day, leading the SPDRS Gold Shares ETF down more than 2%.

TradingMarkets Daily PowerRatings Analysis


5 PowerRatings Stocks for the Next 5 Days: DROOY, RGLD, IAU, GLD, CADX
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.