Tuesday Morning Coffee with TradingMarkets

Good Morning!

Washington Mutual Ousts CEO ... Government Takeover of Fannie, Freddie May Cost Wells Fargo $480 Million ... Altria to Buy UST for $10.3 Billion ... Sales of Smart Phones Reportedly Slowing ... UAL Rejects Bankruptcy Rumors ...

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TradingMarkets 7 Stocks You Need to Know for Today

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

• U.S. Treasury secretary Henry Paulson announced over the weekend that the federal government would be taking over Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating).
  
  
• Responding to two days of oversold extremes, shares of Walt Disney Company (DIS | Quote | Chart | News | PowerRating) soared by more than 5%.
  
  
• Financials were among the day's biggest gainers on Monday, with Citigroup (C | Quote | Chart | News | PowerRating) gaining more than 6% and JP Morgan (JPM | Quote | Chart | News | PowerRating) adding more than 5%.
  
  
• Home Depot (HD | Quote | Chart | News | PowerRating) set new year-to-date highs on the first trading day of the week, climbing by more than 5% on the day.
  
  
• One financial stock that did not do well on Monday, Washington Mutual (WM | Quote | Chart | News | PowerRating) ousted its CEO Kerry Killinger amid increased regulatory scrutiny over the savings and loan's business practices.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

Stock Market Analysis and Fibonacci, Part 1 - TradingMarkets
Fibonacci analysis can be used to set stops as well as timing entries. But as TradingMarkets contributor John Jagerson points out, the most valuable information is what Fibonacci analysis can tell us about risk. Here are a few tactical concepts and tips to understand this essential tool.

The Castration of the American Taxpayer Continues - TradingMarkets
The government has announced a bailout of Freddie Mac and Fannie Mae, and Gary Kaltbaum thinks it needs to get out of the charity business.

7 ETFs You Need to Know for Tuesday - TradingMarkets
Financial stocks led the market early and often, helping the blue chip indexes fight off aggressive selling near midday. Tuesdays ETFs include ProShares UltraFinancials ETF, UYG, which closed up more than 5%.

TradingMarkets Daily PowerRatings Analysis

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Looking for stocks that are likely to outperform the average stock over the next few days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start?

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