Tuesday Morning Coffee with TradingMarkets
 |
Good Morning! |
Stocks Rally Late to Breakeven Levels … Goldman Likely Among First to Repay TARP … Krugman Recession Call Boosts Asian Stocks … PowerRatings: More than 15 New 9-rated Stocks … Most Oversold ETFs for Tuesday Include: EWT, IAU, VOT, EEM, LQD ….
|
TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Shares of Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) continued to sell-off as the Apple Developer’s Conference got underway on Monday and a new, faster iPhone was introduced. Down more than 3% intraday, Apple was part of the late rally that saw many stocks on Monday close near their highest levels of the day. - So far, so good, as the latest iPhone-killer – a smartphone by Palm
(
PALM |
Quote |
Chart |
News |
PowerRating) called Pre, made its debut over the weekend. Sales estimates of the smartphone over the weekend ran from 50 to 100 thousand units, according to the Wall Street Journal. - Upscale woman’s retailer Talbot’s
(
TLB |
Quote |
Chart |
News |
PowerRating) reports quarterly earnings Tuesday morning before the market opens. Analysts are expecting a per share loss of 49 cents. - At the other end of the retail spectrum, 99 Cent Stores
(
NDN |
Quote |
Chart |
News |
PowerRating) is expected to announce quarterly earnings of four cents a share when it reports Tuesday after the bell. - General Mills
(
GIS |
Quote |
Chart |
News |
PowerRating) announced on Monday that full-year earnings would be better than previously forecast. The stock was up by more than 4% intraday and entered overbought territory below the 200-day moving average. - Qwest
(
Q |
Quote |
Chart |
News |
PowerRating) has apparently been unable to find a buyer for its long distance network – at least not at the posted price of $2-3 billion. The Wall Street Journal reported that the highest bids topped out near $1 billion. Shares of Qwest moved lower for a fourth consecutive trading day and trade above their 200-day moving average. - Among the few Dow Industrials stocks still relatively oversold above their 200-day moving averages is McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating), which gapped down at the open on Monday only to rally somewhat over the course of the trading day.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| New Gold Inc. | NGD | 9 |
| Avis Budget Group Inc. | CAR | 9 |
| Children’s Place Retail | 8 | |
| Pegasystems Inc. | PEGA | 8 |
| Dillard’s Inc. | DDS | 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 |
ETF Trading, Risk and the Role of Correlation – TradingMarkets
Larry Connors takes a look at how correlation relates to ETFs, plus its potential effects and rewards.
TradingMarkets contributor Tim Bourquin shows you how to combine pivot points and specific moving averages
to find trading opportunities each day in the markets.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Selling was most pronounced in the energy and technology sectors on Monday. As such, the ProShares Ultra Technology ETF, ROM, which was down more than 3% intraday on Monday and turned to close down barely 0.5%.
|
TradingMarkets Daily PowerRatings Analysis |
PowerRatings Sector Strategies: Pullbacks in Gold, Retail – TradingMarkets
Sector rotation out of gold and retail stocks may provide an opportunity for short term traders who let high PowerRatings be their guide.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.