Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
S&P 500 Overbought Below 200-Day … Technology, Energy ETFs Among Most Overbought … HPQ Earnings in Line with Estimates, Shares Fall … Euro, Pound, Aussie Advance Against Greenback … Earnings Reports Scheduled for Wednesday Include: TGT, BJ, DE ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Hewlett-Packard
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PowerRating) reported quarterly earnings after the bell on Tuesday that were in-line with analyst estimates. The stocks was lower immediately after the announcement in after hours trading. - Among the companies reporting quarterly earnings on Wednesday, Target Corporation
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PowerRating) is expected to report per share earnings of 60 cents, Deere & Company
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PowerRating) is expected to announce EPS of 1.09, and 44 cents per share is what analysts are expecting to hear from BJ’s Wholesale Club
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PowerRating). All three stocks are trading above their 200-day moving averages, but it was BJ’s Wholesale Club that was up more than 2% in advance of Wednesday’s earnings report. - On a day when the Senate passed major legislation tightening regulations on the credit card industry, shares of MasterCard
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PowerRating) were down more than 3% and retreating to their 200-day moving average, while shares of Visa
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PowerRating) were off by more than 2%, continuing to move in the narrow, $2 range they have traded in all week. Of the two, MA is significantly more oversold. - Per share earnings of two cents is what analysts are expecting to hear from retailer Hot Topic
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PowerRating) when it reports after the market closes on Wednesday. Shares of Hot Topic have traded in a tight range just cents above their 200-day moving average for the past five 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 |
| Hot Topic Inc. | HOTT | 9 |
| The Pantry | PTRY | 9 |
| Thoratec Corporation | 8 | |
| Hansen Natural Corporation | HANS | 8 |
| Tower Group Inc. | TWGP | 8 |
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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 Properly Execute Your Trading Strategies – TradingMarkets
Larry Connors shows how to trust your trading strategies, and then how to properly execute them. The more impeccable you are in executing your trading strategy, the more successful you’ll be for many years to come.
Key on the $US Dollar Index Versus the SPX – TradingMarkets
After a sluggish open lead by disappointing housing reports, stocks are back up on Tuesday. What sectors should traders be focusing on today? Kevin Haggerty weighs in.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Health care stocks came in for some profit-taking while technology and energy helped provide the day’s modest gains. materials ETFs also received a boost, which meant the ProShares Ultra Basic Materials ETF was up more than 5% intraday on Tuesday.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings Does It Again – Results for 2008 – TradingMarkets
The test results for PowerRatings for 2008 are in! See how PowerRatings stocks outperformed the market average over a 5-day period.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.