Wednesday Morning Coffee with TradingMarkets

Good Morning!

Stocks Reverse Lower After Early Gains … Bank of Japan to Supply Unlimited Dollars to Buoy Money Markets … Coca Cola, JP Morgan Chase, Wells Fargo Report Earnings Before Wednesday Open … eBay Announces Earnings After the Close … Asian Stocks Lower

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TradingMarkets 7 Stocks You Need to Know for Wednesday

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

  • Analysts are also expecting earnings per share of 0.77 from Coca Cola
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    , which also reports earnings Wednesday morning before the bell.

  • Microsoft
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    shares slid by more than 5% on Tuesday, as Credit Suisse cut its 2009 and 2010 earnings forecast for the software maker, citing slowing PC demand.

  • JP Morgan Chase
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    is expected to announce EPS of -0.17 during its quarterly earnings report Wednesday morning before the open.

  • Wells Fargo
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    , winner of the Wachovia
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    sweepstakes, will report earnings Wednesday morning before the market opens. Analysts are expecting earnings per share of 0.42.

  • Reporting earnings before the market opens Wednesday morning, eBay
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    is expected to announce EPS of 0.41.

  • Abbott Laboratories
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    reports earnings Wednesday before the market opens. Analysts are expecting EPS of 0.77.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
ProShares UltraShort QQQ QID 9
ProShares UltraShort MSCI Japan EWV 8
ProShares UltraShort Russell 2000 TWM 8
ProShares FTSE/Xinhua 25 China FXP 8
Rydex Inverse 2X Russell 2000 RRZ 8

View More Stocks

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What is your government doing in the financial sector? Do most people even know? See Gary Kaltbaum’s take on the irony of using nonexistent money to bailout a bank system that failed from overleveraging. And be sure to catch Gary Kaltbaum live at his free weekly conference call today at 1 p.m. EST at TradingMarkets! Click here to save your spot!


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