Wednesday Morning Coffee with TradingMarkets

Good Morning!

U.S. Markets Edge Higher … Financials Lead, REITs, Home Builders Also Advance … Whole Foods Beats Estimates … Bond Pullback Continues, Junk Bond ETFs Join Selling … Earnings on Deck for Wednesday Include: OC, GRMN, ALL …

Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Owens Corning
    (
    OC |
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    is expected to report a second quarter EPS of 11 cents Wednesday before the bell.

  • GPS maker, Garmin
    (
    GRMN |
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    , is expected to announce an EPS of 51 cents Wednesday before the open.

  • One-time Michael Jackson financier, Fortress Investment Group
    (
    FIG |
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    PowerRating)
    , has investors looking for second quarter per share earnings of 7 cents prior to trading on Wednesday.

  • A fat loss of $2.57/share is the expected second quarter number for quasi-government mortgage giant, Freddie Mac
    (
    FRE |
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    .

  • Dean Foods Co.
    (
    DF |
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    is expected to reveal an EPS of 42 cents Wednesday before the bell for the second quarter.

  • Fashion work horse, Polo Ralph Lauren
    (
    RL |
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    , finished its fiscal 1st quarter of 2010 and is expected to report an EPS of 49 cents.

  • Insurance giant Allstate
    (
    ALL |
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    reports Wednesday after the bell for the second quarter. ALL is forecast to announce an EPS of $1.12.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Rentrack Corporation RENT 10
Unitedhealth Group UNH 9
ATMI Inc. 9
ImmunoGen Inc. IMGN 9
CEC Entertainment CEC 9

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

TradingMarkets

How do you identify which ETFs to focus on versus which ones to ignore? Larry Connors explains the impact of volume and liquidity on an ETF to help you choose

the right ETFs to trade.

TradingMarkets

Key price and time symmetry takes precedence, plus a few red flags coming in this week. So, if you are one of the many that have missed this entire market, now is

not the best of levels to give into your emotions.


How to Stay Objective in Your Trades
TradingMarkets

One of the most challenging skills in becoming a successful trader is maintaining objectivity in trades. Here’s a clear and defined path traders can follow to re-gaining

their objectivity.

TradingMarkets 7 ETFs You Need to Know for Today


Junk Bonds Join Bond Pullback as Taiwan ETF Among First Country ETFs to Slide
TradingMarkets

Joining the pullback in bond ETFs, both the SPDR Barclays Capital High Yield Bond ETF, JNK, and the iShares iBoxx High Yield Corporate Bond ETF, HYG, slid closer toward oversold territory above their respective 200-day moving averages in trading on Tuesday.

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