Wall Street Addict

Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.
Bullish
5+ Consecutive Down Days: These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Covance (NYSE:CVD - News) & Ultra Petroleum (NYSE:UPL - News). CVD's PowerRating (for Traders) is 7, and UPL's PowerRating (for Traders) is 8.
5+ Consecutive Lower Lows: These are stocks that have made a lower low for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that make lower lows for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Ecolab (NYSE:ECL - News). ECL's PowerRating (for Traders) is 6.
2-Period RSI Below 2: These are stocks that have a 2-period RSI reading below 2 and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving with a 2-period RSI reading below 2 have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Johnson & Johnson (NYSE:JNJ - News). JNJ's PowerRating (for Traders) is 6.
Stocks Down 10% or More: These are stocks that have lost 10% or more over the past five days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that have lost 10% or more over the past five days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
W&T Offshore (NYSE:WTI - News). WTI's PowerRating (for Traders) is 8.
Bearish
5+ Consecutive Up Days: These are stocks that have closed up for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that close up for five or more days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge.
Bed Bath & Beyond (NasdaqGS:BBBY - News). BBBY's PowerRatings (for Traders) is 3.
Stocks Up 10% or More: These are stocks that have gained 10% or more over the past five days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that have gained 10% or more over the past five days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge.
Black & Decker (NYSE:BDK - News). BDK's PowerRating (for Traders) is 3.
Published By TradingMarkets.com

Labels: BBBY, BDK, CVD, ECL, JNJ, Stocks to Watch, UPL, WTI

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Monsanto (NYSE:MON - News) reports earnings on Thursday before the market opens, with analysts looking for $0.35 EPS. MON's PowerRating (for Traders) is 6.
MSC Industrial (NYSE:MSM - News) announces quarterly results on Thursday morning; watch for $0.35 EPS. MSM's PowerRating (for Traders) is 5.
Matrix Service (NasdaqGM:MTRX - News) is looking to report $0.08 EPS before the bell on Thursday. MTRX's PowerRating (for Traders) is 5.
Anaylsts are looking for AngioDynamics (NasdaqGS:ANGO - News) to report $0.13 EPS on Thursday after the market closes. ANGO's PowerRating (for Traders) is 5.
Bed Bath & Beyond (NasdaqGS:BBBY - News) appears set to report $0.52 EPS in quarterly results tomorrow afternoon. BBBY's PowerRating (for Traders) is 5.
Sonic (NasdaqGS:SONC - News) is expected to report $0.21 EPS after the bell tomorrow. SONC's PowerRating (for Traders) is 5.
When Finish Line (NasdaqGS:FINL - News) reports earnings tomorrow afternoon, watch for -$0.15 EPS. FINL's PowerRating (for Traders) is 6.

Labels: ANGO, BBBY, FINL, MON, MSM, MTRX, SONC, Stocks to Watch

The Dow closed down 218 points and the Nasdaq fell 43 points on Monday. Finerman sees storm clouds are everywhere and the Goldman downgrade of Citigroup (C) really hurt the markets. Najarian had a fun day trading. He also thinks the financial sector is in big trouble and he is extremely worried about General Motors (GM) which fell below $27.
Louise Yamada, a highly ranked technician on Wall Street, joined the show to discuss her analysis on the technicals of the market. She is currently worried that the S&P 500 could break 1406, which would signal to her an end of the longer-term uptrend. Yamada is still bullish on Cisco Systems (CSCO) and she would look to buy pullbacks on the name. She looked at the chart on Broadcom (BRCM) calling it a sell because it hasn't followed through after a false break-out. The chart on Coca-Cola (KO) is initiating an uptrend according to Yamada, so she would be a buyer of KO. Bed Bath and Beyond (BBBY) should be sold.
Retail
Nordstrom (JWN) reported a 22% rise in third-quarter profits helped by an extra week of sales.
Sears Holdings (SHLD) disclosed it has taken a 13.7% stake in Restoration Hardware (RSTO) and the possibility of proposing an acquisition.
Target (TGT) is set to report earnings Tuesday before the opening bell.
Hewlett-Packard (HPQ) clocked a 28% jump in profits off of strong notebook sales.
Medtronic (MDT) reported a 2% decline in profits, but the stock trades 3% higher after hours.
Lowe's (LOW) dropped 7% after reporting a 10% decline in profits due to the weak housing market.
Celgene (CELG) bought Pharmion (PHRM) for $2.9 billion. Adami thinks that Phizer must make a similar acquisition.
EchoStar (DISH) shares exploded higher Monday after Citigroup said there was a 65% chance that AT&T (T) will buy DISH.
Ultimate Fighting is now the fasting growing spectator sport in the United States. Macke says look for growth in cable companies and satellite companies like Viacom (VIA) and EchoStar. He also thinks makers of energy drinks like Coca-Cola will benefit. He said avoid the World Wrestling Entertainment (WWE) because the UFC is taking share. Lastly, Macke speculated that Anheuser-Busch (BUD) could be near a beverage deal with the UFC.
Pops & Drops
Pops - Xerox (XRX) traded up 2%.
Intercontinental Exchange traded up 3%
VeriSign (VRSN) traded up 2%.
Drops - E*TRADE (ETFC) fell 13% even with speculation of a takeover by Ameritrade (AMTD)
Wynn Resorts (WYNN) fell 7%
Genesco (GCO) plunged 24%.
Disney (DIS) fell 4%
General Motors (GM) fell 8% after the automaker announced plans for year-end discounts to clear out inventory.
Dillard's (DDS) fell 5%.
Tween Brands (TWB) fell 13%
Final Trade
Macke would purchase Dicks Sporting Goods (DKS) and Target on any selloff Tuesday
Najarian advises buying EchoStar (DISH) on a pullback under $44.
Finerman is long Goldman Sachs Group (GS) and short Lehman Brothers Holdings (LEH).
Adami recommends Vodafone Group (VOD) for a play on China.

Labels: BBBY, BRCM, CELG, Citigroup Inc., CNBC, CNBC's Fast Money, CSCO, DISH, Dow Jones, Fast Money Recap, GM, HPQ, JWN, KO, LOW, MDT, Nasdaq, PHRM, SHLD, TGT

Charlie Gasparino joined the "Fast Money" crew to discuss his take on the Bear Stearns (BSC) and rumos that Warren Buffett is part of a group of investors considering a 20% stake in BSC. He believes that Bear Stearns is going to be taken private. Guy Adami suggests that it makes no sense at all for Buffett to acquire Bear. According to Adami, Buffet's expertise is in value plays and Bear isn't a value play.
Najarian declares that all brokers are back in play and recommends buying Lehman (LEH). Finerman agrees.An American IcahnCarl Icahn: Wants to see BEA Systems (BEAS) sold. Motorola (MOT): Bullish on their risk rewards.GM On The Road Again General Motors (GM) ended its two-day strike after making a health care agreement with the United Auto Workers. This changes the tune for General Motors, according to Jeff Macke. He advises buying auto parts suppliers like Lear (LEA), Visteon (VC) and BorgWarner (BWA). Adami suggests looking at Ford (F). Najarian prefers Goodyear Tires (GT).No DealSallie Mae (SLM) made news on Wednesday as a private-equity group pulled out of a deal to buy it for $25.3 billion.
Macke: "stick a fork in it." Najarian disagrees and believes the deals are just being re-shifted down. Finerman isn't surprised the deal fell through. One potential deal that has her interest is Genesco (GCO).Tech RallyTechnology stock leaders are still shining Google (GOOG), Amazon (AMZN), Hewlett Packard (HP), Cisco (CSCO) and Apple (AAPL) with 52 week highs.Word on the StreetBed Bath & Beyond (BBBY): Macke advises selling.Monsanto (MON): Selling at twice its growth rate.Newmont Mining (NEM): Dropped 6%.
Pops & DropsPops: Deere (DE) traded up 3%. Pier One Imports (PIR) popped 11%. China BAK Battery (CBAK) exploded by 46%. Affiliated Managers Group (AMG) traded up 4%.
Drops: Under Armour (UA) fell 6%. Timberland (TBL) dropped 8%.Final TradeMacke: recommends selling Bear Stearns (BSC).Finerman: is positive that BEA Systems (BEAS) is going higher.
Najarian: top pick is Isis Pharmaceuticals (ISIS).Adami: prefers NYSE Euronext (NYX)

Labels: AAPL, AMZN, BBBY, BEAS, BWA, CNBC's Fast Money, CSCO, fast money, GCO, GM, GOOG, GT, HP, LEA, LEH, MOT, NYX, SLM

Here are 7 options to watch for Today.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
Bear Stearns Oct 145 Calls (NYSE:BSC - News). BSC's PowerRating (for Traders) is 4.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Ciena Oct 40 Puts (NasdaqGS:CIEN - News). CIEN's PowerRating (for Traders) is 6.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Lehman Brothers Oct 65 Calls (NYSE:LEH - News). LEH's PowerRating (for Traders) is 4.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Baidu.com Oct 210 Puts (NasdaqGS:BIDU - News). BIDU's PowerRating (for Traders) is 3.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Novell (NasdaqGS:NOVL - News). NOVL's PowerRating (for Traders) is 5.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Bed Bath & Beyond (NYSE:BBBY - News). BBBY's PowerRating (for Traders) is 4.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Humana (NYSE:HUM - News). HUM's PowerRating (for Traders) is 5.
Published by TradingMarkets.com

Labels: BBBY, BIDU, BSC, CIEN, HUM, LEH, NOVL, Stock Options

Stock index futures indicated a weaker start for Wall Street on Tuesday after Federal Reserve Chairman Ben Bernanke said inflation risks remain to the upside, suggesting equity investors shouldn't look forward to a rate cut any time soon.
Futures added to losses following Bernanke's remarks. The Fed chief said the economy is set to grow at a sluggish pace in coming months but warned there were risks elevated levels of inflation, excluding food and energy, may not recede.
Among the latest in deals was a buyout of telephone equipment company Avaya Inc. (NYSE:AV - News) by private equity firms TPG Capital and Silver Lake for $8.2 billion, sending Avaya shares up about 2.3 percent to $17.10 before the opening bell.
S&P 500 futures were down 5 points, below fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Dow Jones industrial average futures fell 38 points, and Nasdaq 100 futures were down 6 points.
The Institute for Supply Management's nonmanufacturing index for May is scheduled for release at 10 a.m. The indicator is a key measure of the health of the vast U.S. services sector, which accounts for 80 percent of the economic activity. Economists forecast the index dipped to 55.3 in May from 56 in April.
Shares of Bed Bath & Beyond Inc. (NasdaqGS:BBBY - News) fell before the opening bell after the home goods retailer warned late on Monday that it sees first-quarter profit below Wall Street forecasts.
Bed Bath & Beyond shares fell 5.9 percent to $38.10 in electronic composite trading.
Published by Reuters

Labels: AV, BBBY, Ben Bernanke

At least three analyst downgrades weighed on shares of Openwave Systems Inc. in early trading Tuesday, after its board rejected a partial tender offer from a shareholder wanting to buy 49 percent of the company's outstanding shares.
Shares of Openwave dropped $1.74, or 16.8 percent, to $8.63 in premarket electronic trading, from their $10.37 finish in Monday's regular trading session.
Openwave rejected the offer from Harbinger Capital Partners -- one of the company's largest shareholders -- and said it wasn't adequate. The offer valued Openwave at $8.30 per share. Bed Bath & Beyond Inc. also fell in the early session, after the home furnishings retailer warned that fiscal first-quarter earnings may miss Wall Street's expectations. Shares gave up $2.67, or 6.6 percent, to $37.80, from their $40.47 Monday close.
American Woodmark Corp., which makes kitchen cabinets and vanities, blamed a sluggish homebuilding market for its sharp decline in fiscal fourth-quarter profit and sales. Shares declined $2.02, or 5.3 percent, to $35.90, from their close at $37.92 on Monday.
Meanwhile, FuelCell Energy Inc. shares rose 20 cents, or 3 percent, to $7.58 premarket. Shares of FuelCell ended at $7.38 on Monday.
News continued to flow from a major cancer meeting in Chicago, where Canadian biotechnology company Oncolytics Biotech Inc. said cancer treatment candidate Reolysin showed positive results in an early stage study. In premarket trading, the stock rose 33 cents, or 15.9 percent, to $2.41, from their $2.08 close Monday.
Source: AP

Labels: AMWD, BBBY, FCEL, ONCY, OPWV