Wednesday Morning Coffee with TradingMarkets

Good Morning!

U.S. Markets Fall Out of Overbought Territory Above 200-Day Moving Average … Financials (XLF), Energies (IYE) Lead Lower as Buyers Shift Toward Consumer Staples (XLP), Industrials [IYJ] … VIX Stretch Below 10-Day Collapses Below 3% … Most Oversold ETFs for Today Include: GDX (Gold), RKH (Banks), RSX (Russia) …

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TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

  • United Community Banks ^UCBI^ is temporarily suspending dividends.
  • Helsinki based cell phone handset maker, Nokia, filed a complaint against Apple ^AAPL^ over a patent issue.

  • Johnson & Johnson ^JNJ^ is recalling Tylenol Arthritis Caplets due to a foul smell.
  • A federal probe into Spectranetics ^SPNC^ ended today with the payment of $5 million dollars.
  • Imperial Sugar ^IPSU^ settled a property insurance claim for an industrial accident last year.
  • Fannie Mae ^FNM^ and CB Richard Ellis Group ^CBG^ climbed on the steady home price report.

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Sunesis Pharmaceuticals SNSS 9
PowerWave Technologies PWAV 9
MannKind Corporation MNKD 9
VisionChina Media VISN 9
Clear Channel Outdoor Holdings CCO 9
View More Stocks

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Bond Funds Dominate Most Oversold ETF Ranks: JNK, AGG, BNDTradingMarkets

As the shortened trading week exits the midway point, the iShares iBoxx Investment Grad Corporate Bond ETF, LQD continued its push into oversold territory. See which other funds made Wednesday’s list of 7 ETFs you need to know.

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