Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Energy and Financial Stocks Hit Hard on Tuesday … Failed Negotiations with Korea Development Bank Led to Lehman Stock Crash … Texas Instruments Reaffirms Forecast … OPEC Widely Believed to Stand Put On Production … Apple Unveils New Thinner, Cheaper iPods …
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 7 Stocks You Need to Know for Wednesday |
Here are 7 stocks for traders for Wednesday from TradingMarkets.com:
- The end of negotiations with Korea Development Bank sent shares of Lehman Brothers Holdings
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PowerRating) sharply lower on Tuesday. - Cardica Inc.
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PowerRating), featured in TradingMarkets’ “Trading Where the Action Is!” midday report on Tuesday, was up more than 30% as the FDA
approved the company’s new heart bypass surgery system. - Among the biggest pullbacks in the Dow industrials, American International Group
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PowerRating) lost more than 19% on Tuesday. - Lower on the day and pulling back below its 200-day moving average, JP Morgan Chase
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PowerRating) lost more than 4% on Tuesday. - Among the few Dow stocks to finish in the green on Tuesday, McDonalds Corporation
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PowerRating) ended the day up more than 1%, closing well off its intraday highs, however. - Representative of a continuing slide in energy stocks, Massey Energy
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PowerRating) was down more than 19% on Tuesday. - Steve Jobs of Apple Inc.
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PowerRating) announced thinner and cheaper iPod models as well as new media players with increased storage capacity in a
widely-anticipated media event on Tuesday.
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 |
| Palm Inc. | PALM | 9 |
| Graham Corporation | GHM | 9 |
| Clayton Williams Energy Inc. | CWEI | 9 |
| Woodward Governor Company | WGOV | 8 |
| Wabtec Corporation | WAB | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Candlestick Trading: The Basics of Bearish Engulfing Patterns, Part 2 – TradingMarkets
In the conclusion to Steve Palmquist’s candlesticks trading tutorial, the use of backtesting to determine the most favorable market conditions to use the bearish engulfing pattern is discussed.
Treasury Secretary Paulson’s Strategic Timing – TradingMarkets
What has been the market reaction from Treasury Secretary Henry Paulson’s strategically timed takeover of Fannie Mae and Freddie Mac? Find out what Kevin Haggerty thinks.
7 ETFs You Need to Know for Wednesday – TradingMarkets
Leveraged short ETFs that focused on sectors such as financial stocks and shares of oil and natural gas companies were among the highest of the widely-traded ETFs on the day. The ProShares UltraShort Oil & Gas ETF, DUG, was up more than 11%. .
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TradingMarkets Daily PowerRatings Analysis |
High PowerRating, Low Price: 5 Stocks for Swing Traders – TradingMarkets
Another sell-off in the markets has created a number of high quality pullbacks for traders who buy weakness and sell strength to consider.
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