Thursday Morning Coffee with TradingMarkets

By | TradingMarkets.com | April 09, 2009 09:00 AM
Symbols: BBBY, CTX, CVX, JOSB, PHM








Good Morning!

U.S. Stocks Edge Higher ... Retailers Among Biggest Gainers ... Asian Stocks Rally on Japanese Spending Pledge ... Most ETFs in Neutral Territory, Overbought ETFs Include: IFN, EWZ, XLU ...



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TradingMarkets 7 Stocks You Need to Know for Today

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



  • The acquisition of Centex Corporation ( CTX | Quote | Chart | News | PowerRating) by Pulte Homes ( PHM | Quote | Chart | News | PowerRating) for $1.3 billion in stock suggests a major bet by Pulte on the likelihood of a housing market that has stabilized. The combined company will be the largest home builder in the United States.



  • Reporting quarterly earnings Thursday morning before the market opens is Jos.A. Bank Clothiers ( JOSB | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 1.51.



  • Earnings per share of 93 cents are what analysts are expecting from Chevron Corporation ( CVX | Quote | Chart | News | PowerRating) when it reports quarterly earnings after the bell on Thursday.



  • Bed Bath and Beyond ( BBBY | Quote | Chart | News | PowerRating) soared by more than 20% on Wednesday after surprising analysts with fourth quarter profits that were not as bad as feared.



  • JP Morgan Chase & Co. ( JPM | Quote | Chart | News | PowerRating) upgraded shares of Goodyear Tire and Rubber ( GT | Quote | Chart | News | PowerRating) to "overweight" from "neutral," citing the potential for stabilization in the auto industry over the next few months.

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







TradingMarkets 5 PowerRatings Stocks for Today


















Company
Symbol PowerRatings
ITT Educational Services ESI 9
Haverty Furniture Companies Inc.HVT 9
Royal Gold RGLD 8
Newmont Mining Corporation NEM 8
Leap Wireless International LEAP 8





View More Stocks



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TradingMarkets Making Great Traders



The Making of a New Bull Market, Part 3
- TradingMarkets

In the last two trading lessons, we looked at the past 7 bull markets since 1982 and the common characteristics of these bear-to-bull market transitions. Today, Larry Connors continues his in depth analysis of the 8 common themes of most new bull markets.



Battle Plan Trade of the Week: DIA Are Forever - TradingMarkets

For our Battle Plan trade this week, we went back to the wellspring of overbought ETFs trading below their 200-day moving averages, with the Dow Diamonds ETF. The overbought ETF picked up a gain of more than 2.5% in 7 days.



A Simple Day Trading Strategy - TradingMarkets

In this article by TradingMarkets contributor Markus Heitkoetter, you will learn how to have confidence in your trading decisions by using a simple day trading strategy to trade the futures market.








TradingMarkets Daily PowerRatings Analysis


PowerRatings Does It Again - Results for 2008
- TradingMarkets

The results for PowerRatings for 2008 are in and again the top rated PowerRatings stocks outperformed the average stock over a 5-day period.



Click here to sign up for Larry Connors' Trading Lesson of the Day.




Original publication: April 09, 2009

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