Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks End Mixed … Asian Stocks Edge Higher … Greenspan Hints at Housing Bottom … Risk Seeking Drives Euro Higher Against Greenback … Oversold ETFs for Today Include: XLY, EWZ, EWW, FXI, QQQQ …
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Among a number of retailers announcing quarterly earnings Wednesday morning before the bell are Macy’s
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PowerRating) and Liz Clairborne
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PowerRating). Analysts are expecting an EPS loss of 20 cents from Macy’s and an earnings loss of 24 cents per share from Liz Clairborne. Macy’s continues to pullback above its 200-day moving average. Shares of Liz Clairborne continue to consolidate in a tight $1 range just below their 200-day. - Ford Motor Company
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PowerRating) announced after the close on Monday that it was issuing 300 million common shares as part of a plan to defray health care costs. The stock, which trades above its 200-day moving average, pulled back by more than 10% intraday on Tuesday. - Soaring to close above its 200-day moving average for the first time since June 2008 was Altria Group
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PowerRating), which gained more than 3% intraday. - Shares of Walt Disney
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PowerRating) will make more than $7 billion from its sale of its interest in the China Construction Bank. Bank of America closed lower for a fourth consecutive session above the 200-day moving average on Tuesday. - Announcing quarterly earnings after the market closes on Wednesday is Whole Foods Markets
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PowerRating). Analysts are expecting per share earnings of 18 cents from the company. The stock bounded higher on Tuesday after pulling back mildly for the past three consecutive trading days.
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 |
| Vishay Intertechnology | VSH | 10 |
| Ruby Tuesday | RT | 10 |
| Red Robin Gourmet Burger Inc. | 9 | |
| Smith & Wesson Holding Company | SWHC | 9 |
| The Steak ‘n’ Shake Company | SNS | 9 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Exiting a Position: Strategies for Traders – TradingMarkets
Traders can use a variety of techniques to let them know when profit-taking time has come. But one of our favorites has been and remains the 5-day moving average exit.
The Good News Bad News Market – TradingMarkets
With both good and bad news pounding the market, Kevin Haggerty asks: do you know when to take your long term chips off the table?
TradingMarkets 7 ETFs You Need to Know for Wednesday – TradingMarkets
Selling in financial shares continued to dominate trading on Tuesday. Continuing to pullback after reaching overbought extremes below the 200-day moving average was the iShares Dow Jones U.S. Financial Sector ETF.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings Review: At the Pullback’s End? – TradingMarkets
With buyers stepping up to buy stocks late on Tuesday, major markets ended the day off their lows. How are PowerRatings traders preparing for the potential of more buying to come?
Click here to sign up for Larry Connors’ Trading Lesson of the Day.