Thursday Morning Coffee with TradingMarkets

Good Morning!

Senate Approves Bailout Bill: 74 - 25 ... House To Consider New Legislation on Friday ... Warren Buffett Warns Of Rising Unemployment; Invests $3 Billion in General Electric ... Lilly Reportedly Considers ImClone Takeover ... Auto Sales Slowdown Hits Honda, Nissan, Toyota

If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!

TradingMarkets 7 Stocks You Need to Know for Thursday

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

• Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) was awarded nearly $630 million in interest in its patent lawsuit against Boston Scientific (BSX | Quote | Chart | News | PowerRating) involving arterial stents.
  
  
• Plummeting auto sales sent shares of Ford (F | Quote | Chart | News | PowerRating) lower by more than 12% on Wednesday. Daimler AG (DAI | Quote | Chart | News | PowerRating) admitted that sales of luxury cars would remain under pressure. DAI lost more than 8% on the day.
  
  
• Despite a $3 billion investment from Warren Buffett's Berkshire Hathaway, General Electric (GE | Quote | Chart | News | PowerRating) slid by more than 15% on Wednesday.
  
  
• Representing continued weakness in basic materials stocks, Dow component Alcoa (AA | Quote | Chart | News | PowerRating) hit a new multi-month low.
  
  
• Takeover speculation sent shares of National City Corporation (NCC | Quote | Chart | News | PowerRating) higher by more than 70% on Wednesday.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

Larry Live at Noon - TradingMarkets
It's a tough market. Let TradingMarkets co-founder and veteran trader Larry Connors show you the methods and techniques that will help you take advantage of short term opportunities in stocks and exchange-traded funds.

This Trade Shows Why I Buy Weakness - TradingMarkets
Trader and long-time TradingMarkets contributor Paul Sabo explains how buying stocks after they've sold off can be the cornerstone of a winning strategy for short-term traders.

7 ETFs You Need to Know for Thursday - TradingMarkets
Banks and financial ETFs were higher while energy and industrial funds were lower on a day in which stocks were able to rally from intraday lows. The KBW Bank Index KBE is one of several financial ETFs in overbought territory.

TradingMarkets Daily PowerRatings Analysis

High PowerRating, Low Price: 5 Stocks for Swing Traders - TradingMarkets
Buyers overwhelmed sellers intraday on Wednesday, leaving markets little changed and stocks still hovering between overbought and oversold.

Click here to sign up for the Morning Coffee with TradingMarkets newsletter.