Wednesday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Soar, Dow Climbs 230+ … Bernanke Cool To Bank Nationalization … Obama Addresses Congress, America Faces “Day of Reckoning” … Asian Stocks Rally as Yen Retreats … Earnings on Deck for Today Include: DLM, DLTR, DAVE, FLR, SJM …

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:

  • Home Depot
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    announced a quarterly loss Tuesday morning, but traders bid the shares higher insofar as earnings exceeded analyst estimates.

  • Recently added to Goldman Sachs
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    “conviction buy list,” Dollar Tree
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    reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting EPS of 1.13.

  • Continuing to push back against the possibility that his bank will be nationalized, Bank of America
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    CEO Kenneth Lewis insisted again that Bank of America didn’t need additional public assistance and was in fact in better shape than its rivals.

  • EPS of 22 cents is what analysts are expecting to hear from Del Monte
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    when it announces quarterly earnings on Wednesday.

  • Biogen Idec
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    is reportedly in talks to buy Acorda Therapeutics
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    . ACOR has developed an experimental treatment for multiple schlerosis that has shown success in early trials.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Open Text Corporation OTEX 9
DRDGold Ltd. DROOY 9
Scot Miracle Gro SMG 8
Valeant Pharmaceuticals Inc. VRX 8
Siga Technologies Inc. SIGA 8

View More Stocks

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TradingMarkets Making Great Traders


How to Invest in the Brands You Know
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TradingMarkets contributing writer Jennifer Openshaw shows investors how to get smart about the stock market and their 401(k) accounts with investments in quality brand name products.

More Government Spending and Regulation Equals More Bear MarketTradingMarkets

The markets sustained another mini-meltdown yesterday, hitting levels not seen since October 1997. Will Obama’s address tonight generate more volatility for traders? Kevin Haggerty weighs in.

TradingMarkets

Buyers returned to technology stocks on Tuesday, sending the iShares S&P North American Technology/Semiconductor Index ETF higher by more than 5% intraday.

TradingMarkets Daily PowerRatings Analysis


PowerRatings: Out of the Oversold and Into the Higher
TradingMarkets

The big oversold rally we had been waiting for arrived, taking all of our 5 PowerRatings Stocks for the Next 5 Days stocks into the green. Find out what trading strategies PowerRatings traders can take to make the most out of the market’s new-found – and perhaps fleeting – bullish spirits.

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!

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