Wall Street Addict

Melissa Francis hosted. First topic was Citi Group selling nearly 5% of itself to Abu Dhabi for $7.5 B. The search for a new CEO has proceeded, and sights some impressive candidates to manage a decision for the new leader of the company. Dylan Ratigan of CNBC says that the $7.5 B that has come into the banking system will typically manifest itself and produce positive results for the company, as well as the financial sector markets. Next, the real estate market was discussed. Home prices fall almost 5% in the 3Qm, says David Blitzer of Standard and Poors. He adds that if you are looking to invest in an expensive family home, a smart decision would be to wait until next quarter or even longer, to give the market time to adjust. Grover Norquist of Americans for Tax Reform says that talks of tax cuts have hit the presidential trail to stimulate the economy. Robert Mcintyre of Citizens for Tax Justice says that the U.S should not cut taxes because the country is broke. The Bush tax cuts are expected to expire at the end of 2010. Dawn Bennet of Bennet Group says that tax cuts are a great way to produce liquidity. $745 B is the increase over the past 4 years in tax receipts thanks to the Bush's tax cuts. Next Oil prices have fallen sharply. Down almost 3% since yesterday, it is sighted that there has been a major increase in sweet crude oil production. Next was the food fight. Michael Jacobson of NYC Board of Health says that calorie count at all restaurants is the aim for New York. To protect the health of consumers or at least have the information present for them to see is the step that they are trying to take to affect the obesity problem in our country. Matt Patsky of Winslow Management says that United Natural (UNFI) is his pick of the day. Organic and natural foods will grow faster than other food products. Sunpower (SPWR) a solar power provider is also a pick. Next, Facebook is opening doors for small businesses. Used as a marketing tool, Facebook has added one page devoted to small business as a result.

Labels: Abu Dhabi, bennet group, Citigroup Inc., CNBC, CNBC's The Call, facebook, melissa francis, SPWR, UNFI

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
Laps Down 5% or More: These are stocks that lap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that lap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Superconductor Technologies (NasdaqCM:SCON - News). SCON's PowerRating (for Traders) is 9.
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.
Sunpower (NasdaqGM:SPWR - News) & Suncor Energy (NYSE:SU - News). SPWR's PowerRating (for Traders) is 10, and SU's PowerRating (for Traders) is 7.
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.
Diamond Offshore (NYSE:DO - News). DO'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.
BP Prudhoe Bay (NYSE:BPT - News). BPT's PowerRating (for Traders) is 7.
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.
DryShips (NasdaqGS:DRYS - News). DRYS's PowerRating (for Traders) is 6.
Bearish
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.
Foot Locker (NYSE:FL - News). FL's PowerRating (for Traders) is 3.
Published By TradingMarkets.com

Labels: BPT, DO, DRYS, FL, SCON, SPWR, Stocks to Watch, SU