Wall Street Addict

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
Bank of America (NYSE:BAC - News) reports earnings on Tuesday morning, with traders looking for $0.18 EPS. BAC's PowerRating (for Traders) is 5.
DuPont (NYSE:DD - News) is looking to report $0.49 EPS on Tuesday before the market opens. DD's PowerRating (for Traders) is 5.
Analyst will be watching for Fastenal (NasdaqGS:FAST - News) to announce $0.36 EPS on Tuesday before the bell. FAST's PowerRating (for Traders) is 6.
When Johnson & Johnson (NYSE:JNJ - News) announces quarterly results on Tuesday morning, watch for $0.86 EPS. JNJ's PowerRating (for Traders) is 6.
Suncor Energy (NYSE:SU - News) is poised to announce $1.51 EPS early Tuesday morning. SU's PowerRating (for Traders) is 6.
UnitedHealth (NYSE:UNH - News) should report $0.92 EPS on Tuesday morning. UNH's PowerRating (for Traders) is 6.
Wachovia (NYSE:WB - News) is expected to report $0.33 EPS early Tuesday. WB's PowerRating (for Traders) is 6.

Labels: BAC, DD, FAST, JNJ, Stocks to Watch, SU, UNH, WB

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

Refiner stocks mostly fell Wednesday after several companies forecast lower earnings, though analysts said the sector's longer-term prospects are worth the investment.
Valero Energy Corp. on Wednesday became the latest in a string of refiners to issue such a message, saying earnings excluding certain items for the third quarter will be $1.30 to $1.40 per share. Analysts polled by Thomson Financial had on average been expecting earnings of $1.91 per share.
Valero shares fell 37 cents to $71.82.
Analysts urged investors to buy up cheaper shares, however, saying the quarterly results are not an indication of the industry's long-term health.
Goldman Sachs analyst Arjun Murti told investors to "buy any dip" related to Valero's warning in a client note on Wednesday.
"While the transitional nature of 3Q2007 had a more pronounced negative impact on quarterly refining earnings than we expected, oil market conditions have otherwise turned decidedly bullish, which will ultimately benefit Valero and the refining sector," Murti wrote.
Citigroup analyst Doug Leggate reiterated his "Buy" rating for Valero and called any share-price weakness an opportunity to do just that.
"Clearly, the market reaction will not be positive," Leggate wrote in a note Wednesday. "That said, 3Q07 is over. A poor quarter should not be a major surprise."
Chevron Corp. said Tuesday its third-quarter profit will drop sharply from record levels reached during the spring. Banc of America Securities analyst Daniel Barcelo focused on the company's future prospects in a client note Wednesday.
"Any significant pull back in Chevron's share price could present a good buying opportunity into 2008 given its oil price exposure and visible deepwater growth to the end of the decade," he wrote.
ConocoPhillips and Marathon Oil Corp. have also said they expect third-quarter earnings to be hit by weak margins.
ConocoPhillips shares rose 16 cents to $86.04 as Marathon shares fell 67 cents to $57.71.
Citigroup analyst James Neale said expectations for BP PLC's third quarter are negative, but reinforced the sentiment, also expressed by other analysts, that BP's operational turnaround and production boosts next year will propel its shares upward.
BP shares fell 3 cents to $71.15.
Published by AP

Labels: BP, COP, CVX, FTO, HES, MRO, MUR, SU, SUN, TOT, TSO, VLO, XOM