Thursday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Rally on Fed Asset Purchase Plan … $300 billion in Treasuries on Fed Shopping List … Asian Markets Advance … Nike Blows Away Earnings Estimates … IBM Considers Buying Sun Micro for $10-11 Per Shares … Top ETFs for The Week Include: FAS, DZK, KBE, UYG, RHM …
Read the Latest Book by Larry Connors and Cesar Alvarez! Click Here!
“This is a book that you will keep on your trading desk at all times because the quantified strategies presented have a very high probability of success, and that is what professional trading is all about.” – Kevin Haggerty, professional trader and former Head of Trading at Fidelity Capital Markets
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Reporting quarterly earnings after the close on Wednesday was Oracle Corporation
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PowerRating), which beat analyst estimates by three cents. The company also announced its first ever quarterly dividend of 5 cents a share. - Also reporting after the bell on Wednesday was Nike
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PowerRating), which smashed analyst estimates by twenty cents per share. - The Wall Street Journal reported that IBM
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PowerRating) is looking into buying Sun Microsystems
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PowerRating) as part of an $8 billion dollar deal that would have IBM picking up the company for between $10-11 per share. - A number of companies are reporting quarterly earnings Thursday morning before the market opens. Perhaps at the top of the list is FedEx Corporation
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PowerRating), which is expected to announce EPS of 0.46. - Also reporting Thursday morning is Ross Stores
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PowerRating). Analysts are expecting per share earnings of 76 cents. - An earnings per share loss of 59 cents is what analysts expect to hear from Palm Inc.
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PowerRating), which is scheduled to report earnings after the close on Thursday.
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 |
| ProShares UltraShort Russell 2000 ETF | TWM | 9 |
| ProShares Short S&P 500 ETF | SH | 9 |
| ProShares UltraShort MSCI Japan ETF | EWV | 9 |
| ProShares UltraShort Basic Materials ETF | SMN | 8 |
| ProShares UltraShort QQQ ETF | QID | 8 |
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TradingMarkets Making Great Traders |
Trading Strategies, Human Nature and Contrarian Thinking – TradingMarkets
Here is a very good interview with David Swenson, the Chief Investment Officer at Yale University. His thoughts on human nature and contrarian thinking are very interesting and are confirmed statistically in many of the studies we’ve run over the years.
How to Use Candlesticks to Identify Support and Resistance – TradingMarkets
In a trading range, candlestick charting can be used to determine significant support and resistance points. TradingMarkets contributing writer Tina Logan help traders achieve an edge in today’s competitive market.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Among the few sectors to move higher on Wednesday were financials, as such the ProShares Ultra Financials ETF advanced by more than 10%. Also moving higher were Bond ETFs such as the iShares Barclay 20+ Year Treasury Bond ETF which advanced by more than 2%.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings, the Race for the 200-Day and Staying the Short Course – TradingMarkets
Another day, another move higher in stocks. Find out how PowerRatings traders are playing the Race for the 200-day in today’s column.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.