Tuesday Morning Coffee with TradingMarkets
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Good Morning! |
S&P 500, Dow Sell Off in Earnest … Tech Stocks Help Nasdaq Outperform … Ford to Issue 300 Mn in Common Stock … Microsoft Announces First Debt Offering Ever … Asian Stocks Slide … Top Overbought Stocks Include DBA, KBE, QID, RSX, XLEE
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Microsoft
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PowerRating) announced that it would issue debt for the first time in its history. The software giant plans to offer five-, 10- and 30-year notes by the end of May. Microsoft had closed lower for five consecutive trading days below its 200-day moving average before rallying on Monday. - Among the companies reporting earnings Tuesday morning before the market opens is The Great Atlantic & Pacific Tea Company, also known as The Gap
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PowerRating). The Gap is expected to announce an earnings per share loss of 22 cents. The stock has traded in a range between $6.50 and $7.50 for most of the past 30 days. - Bankruptcy increasingly looks like the most likely option for General Motors
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PowerRating) as CEO Fritz Henderson suggested on Monday that the changes necessary are too great to be made by a looming June 1 deadline. The stock is increasingly oversold below the 200-day moving average. - The recent selling in technology stocks has led to a number of stocks rallying from oversold lows above their 200-day moving averages in the Nasdaq 100. These stocks include Amazon.com
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PowerRating), which had closed lower for three consecutive days above its 200-day moving average before advancing on Monday, and Oracle Corporation
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PowerRating). ORCL gained more than 2% intraday after closing lower for five consecutive trading days above its 200-day moving average. - Reporting quarterly earnings after the bell on Tuesday is Applied Materials
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PowerRating). Analysts are expecting per share earnings of -0.11. After rallying above its 200-day moving average a week ago for the first time since August 2008, the stock has since closed below that level for the past three consecutive trading days. - Also reporting after the close on Tuesday is Jack-in-the-Box
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PowerRating). The fast food chain is expected to announce EPS of 44 cents. JACK had pulled back for three consecutive trading days above its 200-day moving average before bouncing by more than 2% intraday on Monday.
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 |
| DineEquity Inc. | DIN | 10 |
| Smith & Wesson Holding Company | SWHC | 9 |
| Starbucks Corporation | 9 | |
| PF Chang’s China Bistro | PFCB | 9 |
| KLA-Tencor Corporation | KLAC | 9 |
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TradingMarkets Making Great Traders |
Talent and Developing Skills as a Trader – TradingMarkets
As traders, we’re always looking to improve our skills and make more successful trades. Larry Connors shares with you a book that explores how any person can recognize and better develop his or her own skills, including learning to become a better trader.
Trading and Hedging Risk with Steve Temes of Lincoln Capital, Part 1 – TradingMarkets
In this first part of our conversation with Steve Temes, we talk about trading and hedging with stocks, options and ETFs, and discussing the factors that he uses to determine when one vehicle is preferable to another.
Sector Rotation Continues – TradingMarkets
With little economic news to focus on, U.S. stocks declined early Monday. Gary Kaulbaum weighs in on what sectors are pulling back and which are coming into the forefront today.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings Does It Again – Results for 2008 – TradingMarkets
The test results for PowerRatings for 2008 are in! See how PowerRatings stocks outperformed the market average over a 5-day period.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.