Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Fed To Lend Directly to Corporations in Depression-Era Strategy … Bernanke Announces Readiness to Cut Rate … Asian Stocks Weaken as Financial Crisis Spreads … Citi, Wells Fargo Urged to Negotiate Wachovia Deal … Oil Rebounds …
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!
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TradingMarkets 7 Stocks You Need to Know for Wednesday |
Here are 7 stocks for traders for Wednesday from TradingMarkets.com:
- Monsanto
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PowerRating) reports earnings Wednesday before the market opens. Analysts are expecting a loss of 0.13 per share. - A downgrade to “underperform” by Merrill Lynch led traders and investors to sell shares of Walt Disney
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PowerRating), which fell by nearly 6% on Tuesday. - Among the few stocks to do well this week, Safeway
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PowerRating) rallied by more than 5% late in trading on Tuesday. The stock remains below its 200-day moving average. - The biggest decliner in the Dow industrials, Bank of America
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PowerRating) lost more than 26% on Tuesday. - Advanced Micro Devices
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PowerRating) was up nearly 10% late in trading on Tuesday. AMD plans to spin off divisions as part of an investment of as much as $8.4 billion from the government of Abu Dhabi. - A Barclay’s PLC downgrade led to selling in shares of International Business Machines
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PowerRating), which were down by nearly 5% on Tuesday. - Activist hedge fund manager William Ackman said that Wachovia
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PowerRating) would likely be worth more to potential bidders if the lender were split into two parts.
For a list of today’s highest PowerRatings stocks, click here.
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TradingMarkets 5 PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| Trustco Bank Corporation | TRST | 10 |
| Steven Madden Ltd. | SHOO | 9 |
| United Bankshares Inc. | UBSI | 9 |
| Volcano Corporation | VOLC | 9 |
| Coherent Inc. | COHR | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
How to Identify a Dead Cat Bounce – TradingMarkets
The “Dead Cat Bounce” pattern may have a macabre name but it comes with very nice profit potential. TradingMarkets contributor John Jagerson shows you how relatively easy it is to identify this type of technical price pattern.
Sentiment Now Bearish As All Heck – TradingMarkets
Kaltbaum is waiting for the Bear Market bottom, and the media is already calling a Depression! Click here to read Gary break it all down and then visit TradingMarkets.com to register for his weekly conference call – FREE – at 1 p.m. Eastern Wednesday afternoon.
7 ETFs You Need to Know for Today – TradingMarkets
Tuesday remains a selling day as both U.S. and international ETFs continue downhill. Wednesday’s 7 ETFs includes iShares Dow Jones Transportation Average ETF, IYT, down over 4% despite the drop in oil prices.
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TradingMarkets Daily PowerRatings Analysis |
Up for the Downstroke? 5 Stocks for Swing Traders – TradingMarkets
“Capitulation” refers to the act of surrender or giving up. After Tuesday’s big sell-off, have we gotten any closer to that magic moment?
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