Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Asian Stocks Lower … Retail Sales in China Up 20+% … U.S. Taxpayers Reject Bonuses in Bail-out Package … Citigroup to Suspend Foreclosures … Democratic House Plans Automaker Rescue … Macy’s, Applied Materials, Crocs, Network Appliance, Computer Sciences Report Earnings Today
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:
- American Express
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PowerRating) successfully petitioned the Federal Reserve to become a bank, following the lead of investment banks Goldman Sachs and Morgan Stanley. - Macy’s
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PowerRating) is expected to announce a quarterly EPS loss of 0.19 Wednesday morning before the markets open. - Citigroup
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PowerRating) announced that it would suspend foreclosures and modify mortgages to make it easier for many homeowners to keep their homes. - Applied Materials
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PowerRating) will report quarterly earnings Wednesday after the market closes. Analysts are expecting EPS of 0.14. - Additional quarterly losses for American International Group
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PowerRating) mean that insurance giant’s taxpayer bailout will nearly double to $150 billion. - The cash crunch at General Motors
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PowerRating) has increasingly drawn the attention of lawmakers as the automaker slides closer to bankruptcy. - Fears of weaker PC demand led to selling in shares of Intel
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PowerRating) on Tuesday. The lowered earnings and share price projections come at a time of traditionally strong seasonality for technology stocks.
For a list of today’s highest PowerRating stocks, click here.
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TradingMarkets 5 PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| Life Partners Holdings Inc. | LPHI | 9 |
| First Financial Corp of Indiana | THFF | 8 |
| ISYS | ISYS | 8 |
| LHC Group | LHCG | 8 |
| Steris Corporation | STE | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
The Evidence at Hand – TradingMarkets
Have we seen the bear market low? According to Gary Kaltbaum, the evidence is slowly coming in…and it is not thrilling.
Intraday Fibonacci’s Breached as the Selling Continues
– TradingMarkets
Forex trader Chris Capre takes a look at the Fibonacci’s behind the most recent moves of the major currency pairs.
7 ETFs You Need to Know for Today – TradingMarkets
Inverse and short funds extended their gains on Tuesday, while energy and emerging markets related ETFs were among those funds moving lower. Wednesday’s ETFs includes the ProShares UltraShort Dow 30 fund, closing higher by more than 3%.
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TradingMarkets Daily PowerRatings Analysis |
Time for Swing Traders to Wait Out the Momentum Market – TradingMarkets
When the market continue to reward momentum, swing traders are often served best by standing aside.
Click here to get a peek at the new blog, Market Moods, by TradingMarkets Editor David Penn!
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