Wednesday Morning Coffee with TradingMarkets

Good Morning!

JP Morgan Chase Earnings … Intel Raises Forecast… Coca-Cola Profit Climbs… WaMu Reports Much Larger than Expected Loss… Consumer Prices Rise… Housing Starts Fall to 17-Year Low.

Asian stocks mixed… European stocks up… Dollar falls to record low versus euro… And the futures are pointing to a higher open.

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TradingMarkets 5 Business Stories You Need to Know

Earnings Slump at J.P. MorganWall Street Journal

J.P. Morgan posted a 50% drop in first-quarter net income and the firm expects challenging market conditions to weigh on its business at least through the rest of the year.

Intel Climbs After Revenue Forecast Tops EstimatesBloomberg

Intel rose 7.3 percent in pre-market trading after its sales forecast topped estimates, signaling that chip demand is holding steady in the face of a U.S. economic slump.

Coca-Cola Profit Climbs 19% as Sales SoarNew York Times

The company said that acquisitions, growth in its key carbonated beverage brands and success overseas helped lift first-quarter profit, beating Wall Street expectations.

WaMu CEO to Shareholders: ‘Calm Down’CNN Money

Kerry Killinger’s remarks do little to soothe angry investors who went on the attack at Tuesday’s annual shareholder meeting.

The Fight for Yahoo: Five ScenariosTime

Microsoft, AOL, News Corp. — it seems everyone is maneuvering for a slice of Yahoo. Here’s a look at five possible outcomes.

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

TradingMarkets 7 Stocks You Need to Know for Today

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

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Rambus RMBS 10
Bruker Corp. BRKR 9
Tween Brands TWB 8
Olympic Steel ZEUS 8
Exide Technologies XIDE 8

View More Stocks

TradingMarkets Tracking the Wizards

Direction is the Key to Using ADX CorrectlyTradingMarkets

In this article, Charles LeBeau points out a very common misconception about ADX and explains how to correctly interpret the vital information provided by this most valuable technical tool.

Free Report! The Only 3 Options Trading Strategies You’ll Ever NeedTradingMarkets

There may be as many ways to trade the market as there are traders who want to do so. But the difference between the professionals and the amateurs when it comes to trading is that the majority of professional traders know that the edge lies in buying markets when they are weak and selling them when they are strong.

Forex Support and Resistance: The Key Levels to Focus OnTradingMarkets

The Euro’s huge gap-down open on Sunday evening – and then recovery on Monday – could be the coupe de grace the currency needs to post fresh highs.

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