Thursday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Sell Off Late … Asian Stocks Rally on Falling Oil Prices … Panasonic Buys Goldman Sachs’ Stake in Sanyo … Obama Taps Schapiro to Head SEC … Earnings for Today Include Oracle, Research in Motion, Palm, Rite Aid, FedEx …

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TradingMarkets 7 Stocks You Need to Know for Thursday

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

  • Reporting earnings Thursday after the market closes are both Oracle Corporation
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    and Research in Motion
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    . Oracle is expected to announce earnings per share of 34 cents. EPS of 83 cents is what analysts are expecting from Research in Motion.

  • Apple
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    shares were lower on both an Oppenheimer analyst downgrade to “perform” from “out perform” as well as news that Steve Jobs would not be delivering the company’s keynote address at MacWorld in January. Jobs had been the keynote speaker for the event for 11 years.

  • Improved terms for its $2 billion credit facility encouraged traders to bid shares of Macy’s
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    dramatically higher on Wednesday.

  • Featured in TradingMarkets 7 Stocks You Need to Know for Wednesday, General Mills
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    beat analyst earnings estimates by significant margins Wednesday morning.

  • Nike
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    beat analyst earnings estimates by three cents in its quarterly announcement after the bell on Wednesday.

  • FedEx Corporation
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    reports quarterly earnings Thursday morning before the market opens. Analysts are expecting EPS of 1.57.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Questcor Pharmaceuticals QCOR 8
Nash-Finch Company NAFC 8
ProShares UltraShort Semiconductor ETF SSG 8
Volcano Corporation VOLC 7
ProShares UltraShort Basic Materials SMN 7

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