Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Dow, S&P 500 Close Lower for Fifth Consecutive Session … Wal-Mart Agrees to $350+ Million Worker Rights Settlement … Writedowns, Earnings Miss Boost Selling in Micron … Retailers Looking for Piece of Stimulus Plan Pie … Japanese Stocks Lower on U.S. Housing Woes …
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TradingMarkets 7 Stocks You Need to Know for Wednesday |
Here are 7 stocks for traders for Wednesday from TradingMarkets.com:
- One day after warning that the company was likely to report its first annual operating loss, Toyota Motor Company
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PowerRating) announced that its president Katsuaki Watanabe would be leaving his post in 2009. - GlaxoSmithKline PLC
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PowerRating) reported that it would stop using corporate money for political donations. The company donated more than $600,000 in political contributions in Canada and the United States in 2008. - Shares of Palm
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PowerRating) have been moving higher over the past few days as traders and investors cheered news that the smartphone maker had received $100 million in additional funding from private equity firm, Elevation Partners. - CIT Group
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PowerRating) learned on Tuesday that it had received preliminary approval to receive more than $2 billion in funds from the Treasury department’s TARP (Troubled Asset Relief Program). - Reporting earnings Monday before the market opened, Walgreen’s
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PowerRating) missed expectations by five cents. The stock broke down from a 10-day consolidation range as sellers overwhelmed buyers on the day. - Wachovia
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PowerRating) shareholders approved of the merger with Wells Fargo
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PowerRating) Tuesday morning.
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 |
| TrustCo Bank Corp | TRST | 8 |
| Rohm & Haas Company | ROH | 8 |
| Laclede Group Inc. | LG | 8 |
| Epiq Systems Inc. | EPIQ | 8 |
| Delta Air Lines | DAL | 8 |
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align=”left” nowrap>TradingMarkets Making Great Traders |
SPX in
Position for More Upside
– TradingMarkets
The SPX went trend down yesterday, but the weekly chart points to higher prices into year end. Kevin Haggerty gives traders the heads-up on how to play the market into year end.
How Forex and Stock Trading Differ – TradingMarkets
Professional investor and trader John Taxiarchos discusses the key differences between the stock and forex markets to help you feel confident in your trading decisions.
Oversold conditions have brought a number of ETFs lower, especially in emerging markets where ETFs such as the iShares Brazil Index Fund, look to close below both their 200- and 5-day moving averages for a fourth consecutive session
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TradingMarkets Daily PowerRatings Analysis |
Down But Not Out: 3 Stock for Swing Traders – TradingMarkets
As stocks continue to drift lower, is there reason for swing traders to see opportunities to the upside?
Click here to get a peek at the new blog, Market Moods, by TradingMarkets Editor David Penn!
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