Wednesday Morning Coffee with TradingMarkets

  • September 16, 2009
  • David Penn

Good Morning!

U.S. Stocks Close Higher for Second Consecutive Session … Overbought Conditions Intensify … VIX Stretch Below 10-Day Surpasses 8% … Euro Gains as Pound Pullback Against Greenback Continues … Most Oversold ETFs for Wednesday Include: AGG, EWJ, VPL, EWS, XLV …

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TradingMarkets 7 Stocks You Need to Know for Today

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

  • Apogee Enterprises
    (
    APOG |
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    Chart |
    News |
    PowerRating)     is shooting for an EPS of 25 cents for its fiscal 2nd quarter 2010. APOG reports after the bell on Wednesday evening.

  • CKE Restaurants
    (
    CKR |
    Quote |
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    News |
    PowerRating)     has analysts awaiting 22 cents/share for its fiscal second quarter 2010, revealing after the close on Wednesday.

  • 45 cents/share is the forecast fiscal third quarter 2009 earnings for Clarcor Inc.
    (
    CLC |
    Quote |
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    News |
    PowerRating)     on Wednesday after the close.

  • Low end women clothing purveyor, Dress Barn
    (
    DBRN |
    Quote |
    Chart |
    News |
    PowerRating)    , is expecting an EPS of 37 cents for its fiscal fourth quarter 2009, Wednesday after the close of trading.

  • Coventry Health Care
    (
    CVH |
    Quote |
    Chart |
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    PowerRating)     and United Health Group
    (
    UNH |
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    PowerRating)     dropped after an advisory group stated that the U.S. Government can cut costs by $250 billion.

  • A Republican-backed bill hit the house that would require the U.S. Government to dump shares in companies whose stock it acquired including American International Group
    (
    AIG |
    Quote |
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    News |
    PowerRating)    .

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
 Symbol PowerRatings
Columbia Banking System Inc. COLB 10
Volterra Semiconductor VLTR 9
Cabelas Inc. 9
eHealth Inc. EHTH 9
Kohl’s Corporation KSS 8

View More Stocks

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TradingMarkets Making Great Traders


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Systematic high probability ETF trading does not need to be difficult. In fact, take a look at our test and you’ll find some eye opening results.

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The market is having another ramp up to new highs on Tuesday. Gary Kaltbaum’s setups for today include financials, oils, and metals/mining.

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Here’s Kevin Haggerty’s outlook for the extent of this secular bear market rally, and some thoughts on exit strategies.

TradingMarkets 7 ETFs You Need to Know for Today

Industrials Soar as Technology and Financial Sectors March Higher – TradingMarkets

Friday’s dip continues to be countered by traders buying in to push stocks higher. The technology and financial sectors continue to advance, leaving exchange-traded funds such as the Direxion Daily Financial Bull 3x Shares ETF, FAS rallying to its highest close in almost a year.

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