Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Soar As Oversold Conditions Induce Buying … Industrials, Financials, Consumer Cyclicals Lead … North Korea Ratchets Up Rhetoric, Yen Retreats Against Greenback … Most Overbought ETFs for Today Include: EWG, SMH, OIL ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Growing sentiment that the market might actually welcome a bankruptcy filing from General Motors
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PowerRating) helped the stock rally on early on Tuesday before reversing dramatically to close well of its intraday highs. - A number of retailers are announcing quarterly earnings Wednesday morning before the market opens. American Eagle Outfitters
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PowerRating) is expected to announce EPS of 7 cents. Polo Ralph Lauren
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PowerRating) is expected to report per shares earnings of 39 cents. And, at the other end of the spectrum, analysts are expecting per share earnings of 59 cents from Dollar Tree Stores
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PowerRating). - AEO was up more than 6% on Tuesday, rallying from two day’s of oversold conditions above the 200-day moving average. Also advancing after moving sideways for the past two days was Polo Ralph Lauren, up nearly 3% in advance of its earnings report. For its part, DLTR rallied by more than 4%.
- Also reporting earnings Wednesday morning is Staples Inc.
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PowerRating). 21 cents per share is what analysts are expecting to hear from the office supplies retailer, which was up more than 5% on Tuesday. - Among the Dow stocks trading above their 200-day moving averages that have been pulling back in recent days is American Express
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PowerRating), which was up more than 4% intraday on Tuesday, and IBM
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PowerRating) which gained more than 3% after closing lower for three consecutive trading days above its 200-day moving average.
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 |
| United Natural Foods | UNFI | 10 |
| Tekecom Argentina S.A. | TEO | 8 |
| KB Financial Group Inc. | 8 | |
| Ivanhoe Mines Ltd. | IVN | 8 |
| Prudential Financial | PRU | 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 |
High Probability ETF Trading: Books, Software, Seminars and More! – TradingMarkets
There are a number of new things going on at TradingMarkets including the launched of our new ETF trading strategy book via digital format. Plus don’t miss Larry’s free presentation on the one-day TPS trading course today at 2 pm.
Stocks Staying the Course – TradingMarkets
Gary Kaltbaum contends that we’re seeing stocks in pullback mode, and that’s a good thing! Find out why.
TradingMarkets 7 ETFs You Need to Know for Wednesday – TradingMarkets
With virtually all sectors rising on Tuesday, industrials, financials and consumer discretionary sectors were attracting the most aggressive buyers. As such financial ETFs like the Direxion Financial Bull 3x Shares ETF soared by more than 9% intraday.
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TradingMarkets Daily PowerRatings Analysis |
How to Find the Best Stocks to Trade Every Day – TradingMarkets
Larry Connors explains the main focus of PowerRatings, the single most popular tool on TradingMarkets.com to help traders find high, win-rate short term trading opportunities on a daily basis.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.