New ETF Book by Larry Connors - Click here to read more
| TradingMarkets.com
On a day when oil popped early and then faded as the dollar rallied, the markets overall were little changed on Friday.
The Dow gained 12.89. The Nasdaq Composite slipped 0.60. And the S&P 500 ended the day down 2.37.
Here are 7 Stocks You Need to Know for Monday.
Among the few companies reporting quarterly earnings on Monday, Pep Boys - Manny, Moe & Jack (PBY | Quote | Chart | News | PowerRating) are expected to announce per share earnings of six cents. PBY has closed up for the past five consecutive trading days.
Four outside directors have joined the board of Bank of America (BAC | Quote | Chart | News | PowerRating) in a move designed to accommodate federal regulators. Shares of BAC have spent the past two days in increasingly overbought territory below the 200-day moving average.
Even Citigroup (C | Quote | Chart | News | PowerRating) CEO Vikram Pandit may not be spared from the upper management house-cleaning sought by the FDIC.
General Motors announced on Friday that it was selling its Saturn unit to Roger Penske of Penske Automotive Group (PAG | Quote | Chart | News | PowerRating). PAG has traded in a tight $1 range above its 200-day moving average since rallying into overbought territory on the first of June.
Wal-Mart (WMT | Quote | Chart | News | PowerRating) reported that it has approved a $15 billion share buyback program. Shares of WMT were volatile on Friday, but settled near the middle of the range.
Steve Jobs will return to Apple (AAPL | Quote | Chart | News | PowerRating) following a six-month medical leave, according to a report in the Wall Street Journal. Apple stock closed at its highest levels since September 2008 on Friday and is extremely overbought.
Shares of Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) soared by more than 3% on Friday, closing above its 200-day moving average for the first time in more than nine months.
According to a recent report, eight out of ten securities traded are exchange-traded funds (ETFs). Learn to trade ETFs! Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading.
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
