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Wednesday Morning Coffee with TradingMarkets

By David Penn | TradingMarkets.com
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Good Morning!

Barack Obama Wins U.S. Presidential Election ... Stocks Advance in Election Day Rally ... Euro Moves Lower on Continued Rate Cut Prospects ... Devon Energy, Medco Health Solutions, Time Warner Report Earnings Today ...

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 Wednesday

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

  • Reporting quarterly earnings Wednesday before the market opens, Time Warner (TMX | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 0.27.

  • Goldman Sachs (GS | Quote | Chart | News | PowerRating) suggested that passage of a number of statewide gambling initiatives on Election Day could represent a challenge for shares of Penn National Gaming (PENN | Quote | Chart | News | PowerRating). The stock was lower by more than 2% late in trading on Tuesday.

  • Shares of General Electric (GE | Quote | Chart | News | PowerRating) broke out to a new 7-day high below the 200-day moving average on Tuesday.

  • A new advertising agreement between Yahoo! (YHOO | Quote | Chart | News | PowerRating) and Google (GOOG | Quote | Chart | News | PowerRating) suggests the revised ad pact will yield both limited profits and limited duration. Yahoo! was up more than 3% on Tuesday while Google was ahead by nearly 5%.

  • Cisco Systems (CSCO | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday after the market closes. Analysts are expecting EPS of 0.39.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
ProShares UltraShort Russell Midcap SDK 9
ProShares UltraShort Semiconductors SSG 8
ProShares Short S&P 500 SH 8
ProShares UltraShort Technology REW 8
ProShares UltraShort QQQ QID 8
View More Stocks

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7 ETFs You Need to Know for Today - TradingMarkets
Energy, industrial and basic materials stocks were among the biggest gainers in Tuesday's very bullish trading day. A rebound in crude oil prices helped drive the United States Oil Fund, higher by more than 9%.

TradingMarkets Daily PowerRatings Analysis

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Bear market, bear market rally or bull market? There's only one question for swing traders right now, but the answer - or non-answer - might surprise you.

Click here to get a peek at the new blog, Market Moods, by TradingMarkets Editor David Penn!

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


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