Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Pull Back as S&P, Nasdaq Drop 2% … AIG Plunges 20%, Citigroup Off 9% to Lead Dow Lower 185 Points … Dollar Gains on Euro, Pound … eBay Sells Skype Share … Most Oversold ETFs for Wednesday Include: EWH, ILF, EEB, KOL, EWZ …
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Jeweler Zale
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PowerRating) has its fingers crossed that losses don’t exceed 77 cents/share for the fiscal fourth quarter 2009 prior to the opening of trading on Wednesday. - 96 cents/share is the expected fiscal third quarter 2009 earnings for Joy Global
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PowerRating), to be announce Wednesday before the bell. - AT&T
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PowerRating) was just awarded a $45 million dollar government contract to provide communication services to the Department of State. - eBay
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PowerRating) is dumping a 65% share in its internet phone service, Skype, to private investors including Netscape co-founder Marc Andreessen. - American Airlines
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PowerRating) is slashing 921 flight attendant positions in a drastic cost cutting measure. - 34 cents/share is the forecast number for the fiscal second quarter 2010 for Blyth Inc.
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PowerRating). BTH will reveal prior to trading on Wednesday morning. - Home builder, Hovnanian Enterprises
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PowerRating), sure hopes the losses don’t exceed $1.60/share for its fiscal third quarter 2009, announcing after the trading 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 |
| Motorola Inc. | MOT | 10 |
| Starbucks Corporation | SBUX | 9 |
| Crocs Inc. | 9 | |
| Lindsay Corporation | LNN | 9 |
| Boston Beer Company | SAM | 9 |
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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 |
If you are looking for a primer on quantitative trading, Larry Connors strongly recommends this book. Plus, the Daily Battle Plan will be adding a special section on trading Leveraged ETFs on Wednesday.
Stocks retreated after early morning gains. But probabilities for a much-anticipated reversal are still high during this period. Will the market go along with or against the “crowd”?
Short Term Issues? – TradingMarkets
Gary Kaltbaum will be the first to tell you not to underestimate the market. But why does he insist that all pullbacks are “gifts”?
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TradingMarkets 7 ETFs You Need to Know for Today |
Financials Lead U.S. Markets Lower, European ETFs Tumble – TradingMarkets
A day of heavy selling left the financial sector hanging its head from all the pulling back. Among this Wednesday’s 7 ETFs you need to know is the Direxion Daily Financial Bear 3x Shares, FAZ.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.