Wednesday Morning Coffee with TradingMarkets

  • July 15, 2009
  • David Penn

Good Morning!

Stocks Advance on Consumer Stock Leadership … Markets End Overbought Above 200-Day … Intel Earnings Beat Puts Spotlight on Tech … Yen Loses More Ground to Greenback … Most Overbought ETFs Include: IYT, XHB, XOP, XLE, UYG …

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TradingMarkets 7 Stocks You Need to Know for Today

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

  • Intel
    (
    INTC |
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    PowerRating)     reported second quarter revenue up 12%, topping estimates. However Intel posted their first loss in 22 years due to an anti-trust fine levied by the European Union.

  • Struggling airline US Airways
    (
    LCC |
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    PowerRating)     announced it will cut 600 airport jobs.

  • Health care company Abbott Labs
    (
    ABT |
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    PowerRating)     announces second quarter earnings before the bell Wednesday morning. Analysts are expecting PES of 88 cents.

  • The FDIC is ignoring CIT Group‘s
    (
    CIT |
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    PowerRating)     cries for a bailout.

  • Wolverine World Wide
    (
    WWW |
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    PowerRating)     is expecting to announce quarterly earnings of 26 cents per share before the open Wednesday morning.

  • Trucking giant JB Hunt
    (
    JBHT |
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    PowerRating)     will report second quarter earnings after the bell on Wednesday. The consensus estimate is 32 cents per share.

  • Universal Forest Products
    (
    UFPI |
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    PowerRating)     announces second quarter earnings after the market closes on Wednesday. 42 cents per share is what analysts are

    expecting from the lumber and building products company.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
 Symbol PowerRatings
Mannkind Corporation MNKD 9
Palm Inc. PALM 8
Wellpoint Inc. 8
Vertex Pharmaceuticals VRTX 8
Dell Inc. DELL 7

View More Stocks

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TradingMarkets Making Great Traders

TradingMarkets

When it comes to trading edges, the more signals the better and we have been able to quantify this in a number of strategies to help improve your ETF trading.


Predicting Stock Direction with the False Break Buy and Sell Pattern – TradingMarkets

Though you can never predict the future direction of stocks with 100% accuracy, there are some patterns in price movement that are more reliable than others.


What You Need to Know About Trading and Investing In Leveraged ETFs – TradingMarkets

Leveraged ETFs offer many opportunities for short-term traders. Here are some tips from TradingMarkets to help you get started.

TradingMarkets 7 ETFs You Need to Know for Today


Consumer Stocks Earn Bid as Profit-taking Begins in Bond ETFs – TradingMarkets

Buyers were most aggressive in consumer stocks, boosting ETFs such as the Consumer Discretionary Select Sector SPDR ETF higher for a third day in a row.

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