Wednesday Morning Coffee with TradingMarkets

Good Morning!

JP Morgan’s Mortgage Meltdown … Is Amazon’s Kindle the Next Big Thing? … UK Inflation Grows … How Not to Pay Taxes … Dell’s Laptops Get Leaner, Last Longer …

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 Today

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

  • Applied Materials
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    beat analyst earnings estimates by two cents in its announcement after the close on Tuesday.

  • Shoppers pursuing cheaper prices on both clothing and shoes helped boost profits at TJX Companies
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    , which reported earnings that beat analyst estimates by a penny on Tuesday.

  • Reporting earnings before the market opens on Wednesday, Deere
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    is expected to announce earnings per share of $1.37.

  • UBS AG
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    announced that it would split its wealth management business from its investment banking business in the face of a growing number of withdrawals by the bank’s wealthier clients.

  • Macy’s
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    announced quarterly earnings Wednesday morning before the bell. Analysts are expecting EPS of $0.19.

  • Dell
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    unveiled a new line of ultra light laptop computers, including business models with batteries lasting up to 19 hours.

  • JP Morgan
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    fell more than 9% on Tuesday after reporting $1.5 billion in losses in mortgage-related securities.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
NII Holdings Inc, NIHD 8
SAP AG SAP 8
Premian Basin Royalty Trust PBT 8
Volterra Semiconductor VLTR 8
Tupperware Brands Corporation TUP 8

View More Stocks

TradingMarkets Making Great Traders

Haggerty’s Got A Brand New DateTradingMarkets

Join Kevin Haggerty’s weekly Conference Call on its new mid-week location. Kevin Haggerty is co-founder of TradingMarkets and former head of the Fidelity Capital Markets trading desk. Catch his presentation live – now on Wednesdays at 12:30 p.m. EST! Click here to reserve your spot now

Gary Kaltbaum’s Weekly Conference Call Today!TradingMarkets

Are you a member of Gary’s Gallery? Join Fox Business guest commentator and long-time TradingMarkets contributor Gary Kaltbaum in his weekly Conference Call today at 1 p.m. Eastern at TradingMarkets.com. Come see the markets the way a pro sees the markets. Click the headline above to register for this free event.

Trading the Top E-miniTradingMarkets

Favorite of traders and day traders everywhere, the e-mini S&P 500 is as good as it gets for a growing number of traders. TradingMarkets’ own Dave Goodboy points out a few of the reasons why.

TradingMarkets 5 Business Stories You Need to Know

JP Morgan’s Mortgage-Related MessAssociated Press

Losses of $1.5 billion in mortgage-related investments sent shares of JP Morgan lower by more than 9% on Tuesday.

JP Morgan is the Featured Stock in our Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think JP Morgan will be Up or Down on Thursday. Click here to play our TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!

About That Kindle … Wired

Shares of Amazon.com soared on optimism that the online retailer’s electronic media reader Kindle would garner greater than expected sales. But will consumers be ready to adopt the latest curve in e-culture?

Inflation Rate > Pound RateTelegraph

For the first time in nearly 30 years, the rate of inflation in the U.K. exceeds the interest rate on the pound. The inflation report puts additional pressure on the Bank of England to raise borrowing costs.

Tax Me Not BusinessWeek

Tax avoidance and minimization is alive and well as a study shows that more than half of U.S. companies managed to avoid paying taxes for a year or more between the late 90’s and the early aughts.

Dell’s New Leaner, Longer LaptopsForbes

Ultra-slim, with models featuring 19-hour batteries, the new line of laptops by Dell is geared toward attracting the mobile, business user.

For more stories as they happen, go to our Breaking News section.

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