Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks End Tuesday Lower, Sell Off Hits in Final Hours … China Floats “Super Currency” Idea … Asian Markets Mixed … Euro Slides Against Greenback … Oversold ETFs Include: AGG, SDS, GLD, SZK, SDP …
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“Larry has done it again. He delivers an insightful handbook of practical, useful and timeless methods to profit in the market.” – Tony Saliba, CEO of BNY ConvergEx LiquidPoint; Profiled in Market Wizards
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Goldman Sachs
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PowerRating) President and COO Gary Cohn refused to speculate just when the company might return capital borrowed from the government last year. - In response to a bill that would put the company under the jurisdiction of the National Labor Relations Board, FedEx
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PowerRating) stated that it would be forced to delay purchase of up to 30 new cargo planes. The threat was interpreted to suggest that the jurisdiction change would make it easier for FedEx employees to unionize and cost the company money. - Solarfun Power Holdings
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PowerRating) is expected to report an earnings per share loss of seven cents when it announces quarterly earnings Wednesday morning before the market opens. - Two of the top researchers at Bank of America
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PowerRating), Chief Investment Strategist Richard Bernstein and chief North American Economist, David Rosenberg will be leaving the company later this year. - Fed Chairman Ben Bernanke, Treasury Secretary Tim Geithner and New York Fed president William Dudley testified before Congress about the continued controversies surrounding the public bailout of American International Group
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PowerRating). - United States Steel Corporation
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PowerRating) was among the bigger winners on a profit-taking day, gaining more than 5% on Tuesday. With regard to Nasdaq stocks, Palm Inc.
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PowerRating) also ahead more than 5% on the day.
For a list of today’s highest PowerRating stocks, click here.
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TradingMarkets 5 PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| ProShares UltraShort Consumer Goods ETF | SZK | 8 |
| Cheniere Energy | LNG | 8 |
| HMS Holdings Company | HMSY | 8 |
| ProShares Ultrashort Russell 1000 Value ETF | SJF | 8 |
| Autozone Inc. | AZO | 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!
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TradingMarkets Making Great Traders |
How to Trade ETFs: Using Options to Lower Risk – TradingMarkets
How do you protect your short positions when overbought markets become more overbought? In this trading lesson, Larry Connors shows you how to add spread trading to your portfolio.
Using Direction to Fine Tune Your Indicators – TradingMarkets
TradingMarkets Contributor Charles LeBeau takes a look at some favorite indicators and how traders can fine tune them to favor the primary direction of the market.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Buyers were active in industrial exchange-traded funds on Wednesday. As a result, the Industrial Select Sector SPDRS ETF rallied for a second consecutive session on Tuesday.
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TradingMarkets Daily PowerRatings Analysis |
5 PowerRatings Stocks for the Next 5 Days – TradingMarkets
Looking for stocks that are likely to outperform the average stock over the next few days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start!
Click here to sign up for Larry Connors’ Trading Lesson of the Day.