Wednesday Morning Coffee with TradingMarkets

Good Morning!

Clinton Wins Big in West Virginia Primary, Vows to Continue ... Freddie Mac Reports Better Than Expected Earnings, Plan to Raise $5.5 Billion in New Capital ... Sony Announces Profitable Fourth Quarter ... UBS Banker Indicted in Tax Evasion Scheme ... BOE Anticipates Continued Inflation ... Electronic Arts Revenue Up by 84% ... Macy's Announces Better Than Expected Quarter ...

Asian stocks up ... European stocks down ... The dollar is moving higher against the yen ... And the futures are trending lower in the hour before the bell.

Join TradingMarkets CEO and co-founder Larry Connors and senior editor David Penn Thursday at 1 p.m. Eastern for their free Weekly Teleconference. Find out what events on the horizon may have a dramatic effect on your trading over the coming days. Click here to reserve your spot today!

TradingMarkets 5 Business Stories You Need to Know

Hewlett Packard Buys EDS for $13.9 Billion - Bloomberg
The acquisition of Electronic Data Systems is part of HP's bid to take on computer services giant, IBM. But investors have so far been lukewarm to the deal.

Billionaire Icahn to Fight Yahoo Board - Wall Street Journal
Picking up more than 50 million shares of Yahoo since the Microsoft bid, the billionaire activist investor is reportedly planning to attempt to challenge the company's board of directors.

Inflation Up, Pound Down? - DailyFX
Senior currency strategist for DailyFX Boris Schlossberg sets his sights on the British pound as both inflation and fears of economic contraction weigh on the U.K. Do you have an idea of whether or not the pound will be higher or lower in the coming days? Play our TradingMarkets Up or Down Forex Contest for your chance to win $1,000 each month.

Soft Chip Sales Hit Applied Materials - Reuters
The semiconductor maker suggested that downturn in the industry was nearing an end. But the company still provided guidance that was less positive than expected according to some analysts.

Wild Oats Drags Whole Foods Lower - Forbes
Shares of the organic food company plunged in after hours trading on news of quarterly earnings that were less than analyst estimates.

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:

• A report from CNBC that said Carl Ichan was considering a proxy fight against the board of Yahoo! (YHOO | Quote | Chart | News | PowerRating) sent the company's stock soaring by more than 5% on Tuesday.
  

• Electronic Arts (ERTS | Quote | Chart | News | PowerRating) reported larger losses on Tuesday, though the company beat expectations for revenues and profits after special costs were excluded.
  
  
• American International Group (AIG | Quote | Chart | News | PowerRating) raised more than $17 billion as part of its capital-raising plan, far more than the $12.5 billion suggested a week ago.
  
  
• Canadian Solar (CSIQ | Quote | Chart | News | PowerRating) reported dramatically higher earnings on Tuesday and raised guidance.
  
  
• Sharply lower net income for the second quarter by Applied Materials (AMAT | Quote | Chart | News | PowerRating) suggested softening demand for semiconductors in consumer electronics.
  
  
• Higher quarterly profits did not help shares of retailer T.J. Maxx (TJX | Quote | Chart | News | PowerRating) which was sharply lower on Tuesday due to good, but not great, guidance.
  
  
• Hewlett Packard (HPQ | Quote | Chart | News | PowerRating) announced that it would pay $13.9 billion for Electronic Data Systems. The stock finished down by more than 5%.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Tracking the Wizards

What If Oil Really Doesn't Go to $200 a Barrel? - TradingMarkets
TradingMarkets CEO and co-founder Larry Connors asks the question that no one is asking about the rally in crude oil--and provides three ways for traders to take advantage if the conventional wisdom is wrong.

Trailing Stops and Profit Targets for Traders - TradingMarkets
Getting into trades can be easy. TradingMarkets contributor Billy Fisher presents a primer on the different ways for traders to successfully finish what they've started.

Do You See the Stocks the Way a Pro Sees Stocks? - TradingMarkets
Professional money manager, Fox Business panelist and TradingMarkets contributor Gary Kaltbaum shares his observations on the current market in a free, live teleconference at 1 p.m. Eastern today. Spaces are limited, so click here to reserve your spot.

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