Wednesday Morning Coffee with TradingMarkets

Wednesday Morning Coffee with TradingMarkets

Good Morning!

Overbought U.S. Markets Sell Off on Tuesday, Financials Lead Lower … Geithner Plan Offers $2 Trillion in Aid Programs to Financial Sector … Asian Stocks Lower on U.S. Weakness … Earnings on Deck for Today Include: DF, IR, CCE, ATVI, CMG …

Find out what traders are saying about the new book by Larry Connors and Cesar Alvarez, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Applied Materials
    (
    AMAT |
    Quote |
    Chart |
    News |
    PowerRating)
    reported earnings after the bell on Tuesday. The 10 cent EPS loss was in line with lowered expectations for the firm.

  • Dean Foods
    (
    DF |
    Quote |
    Chart |
    News |
    PowerRating)
    is expected to announced quarterly earnings of 39 cents on Wednesday before the market opens.

  • Analysts are expecting Ingersoll-Rand
    (
    IR |
    Quote |
    Chart |
    News |
    PowerRating)
    to announce EPS of 28 cents in its earnings report Wednesday morning.

  • 19 cents is what analysts are expecting to hear from Coca-Cola Enterprises
    (
    CCE |
    Quote |
    Chart |
    News |
    PowerRating)
    when the company reports quarterly earnings Wednesday before the bell.

  • General Motors
    (
    GM |
    Quote |
    Chart |
    News |
    PowerRating)
    announced that it was eliminating 10,000 salaried jobs around the world and reducing pay in order to remain eligible for continued public assistance.

  • Reporting earnings Wednesday after the market closes, Activision Blizzard
    (
    ATVI |
    Quote |
    Chart |
    News |
    PowerRating)
    is expected to announce earnings per share of 29 cents.

  • Also reporting earnings after the bell on Wednesday is Chipotle Mexican Grill
    (
    CMG |
    Quote |
    Chart |
    News |
    PowerRating)
    , which is expected to announce EPS of 0.49.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Amerigas Partners LP APU 9
Allos Therapeutics Inc. ALTH 9
United Financial Bancorp UBNK 8
Life Partners Holdings Inc. LPHI 8
American Science and Engineering Inc. ASEI 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


Using Gann to Trade the Main Trend
TradingMarkets

For the Gann analyst, creating a swing chart is an important first step. TradingMarkets contributor James Hyerczyk takes a look at the purpose, benefits and construction of a the Gann trend indicator.

Sell February Rally, Buy March LowsTradingMarkets

This week is all about the stimulus bill, so traders and investors should expect some erratic price movement in the markets. Here’s Kevin Haggerty’s take.

TradingMarkets

Financials, as measured by the Financial Select Sector SPDRS ETF were down more than 9% late in trading on Tuesday, as traders took profits in the wake of Treasury Secretary Tim Geithner’s financial restructuring plan announcement.

TradingMarkets Daily PowerRatings Analysis


PowerRatings and Soaring Short ETFs
TradingMarkets

Overbought conditions finally brought PowerRatings ETF traders the sell-off we have been waiting for.

Larry Connors Joins The Money Blogs! Click here to get a look at Larry Connors’ new blog featuring Larry Connors’ Trading Lesson of the Day for short term stock, ETF and options traders!

Click here to sign up for the Morning Coffee with TradingMarkets newsletter.