Tuesday Morning Coffee with TradingMarkets

Good Morning!

Tuesday Morning News … S&P 500 Finishes Off 1% … Health Care Stocks Rally Before Pfizer, Bristol-Myers Earnings Reports … U.S. Steel Also Reporting Tuesday AM … Asian Stocks Rally … Top Overbought ETFs for Today: XLV, QQQQ, ROM, XLU, VHT ….

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TradingMarkets 7 Stocks You Need to Know for Today

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

  • Citi Investment Research analyst upgraded shares of Netflix Inc.
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    from “hold” to “buy” citing the stock’s recent pullback. Netflix earned a PowerRatings upgrade to 8 last Thursday and gained more than 8% on Monday.

  • General Motors
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    announced on Monday that it would be eliminating its historic Pontiac division by the end of 2010 and its newer Saturn unit by the end of 2009. The automaker also said that it was offering equity stakes to bondholders in lieu of cash in an effort to stave off bankruptcy.

  • Among the companies reporting quarterly earnings on Tuesday are two health care related corporations: Pfizer
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    and Bristol-Myers Squibb
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    . Pfizer is expected to announce quarterly EPS of 48 cents. Per share earnings of 47 cents are what analysts are expecting to hear from Bristol-Myers.

  • U.S. Steel
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    is expected to announce earnings per share loss of 1.67 before the bell Tuesday morning.

  • Scheduled to report earnings after the market closes on Tuesday is Sun Microsystems, which recently agreed to be acquired by Oracle Corporation
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    .

    .

  • Vertex Pharmaceuticals
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    soared by more than 8% late in trading on Monday due not to the concerns over the swine flu, but because of the company’s success in fighting Hepatitis C.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Tractor Supply Company TSCO 9
InterOil Corporation IOC 9
Bed Bath and Beyond 8
Brinker International Inc. EAT 8
Ross Stores Inc. ROST 8

View More Stocks

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TradingMarkets Making Great Traders


Finding the Best ETF Information for Traders, Part 2
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Our readers have responded and here’s what they have to say about their favorite ETF sites. In today’s trading lesson, Larry Connors shares with you two of these sites which were highly recommended as the best for updates in the ETF world.

How to Maintain Control and Discipline in Your TradingTradingMarkets

Austin Passamonte provides you with the tools, strategies and techniques to help you overcome the key hurdles to your trading success.

TradingMarkets 7 ETFs You Need to Know for TodayTradingMarkets

With growing concerns about the spread of swine flu, it is little surprise that the health care sector outperformed on Monday. As a result health care related ETFs such as the Vanguard Health Care ETF also moved higher.

TradingMarkets Daily PowerRatings Analysis


PowerRatings, Position Size and the Breakdown Trade
TradingMarkets

What do you do when a trade drops below the 200-day moving average after you have bought it? Here’s how traders can manage such a trading position without relying on stops.

Click here to sign up for Larry Connors’ Trading Lesson of the Day.