Wednesday Morning Coffee with TradingMarkets

Good Morning!

GM Extends Employer-Pricing Discounts Through September ... GOP Convention Moves Back Toward Full Schedule ... Korea Development Bank Continues Lehman Financing Discussions ... Apple Event Stokes New Product Speculation ... Reserve Bank of Australia Cuts Cash Rate by Quarter Point to 7%

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!

TradingMarkets 7 Stocks You Need to Know for Today

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

• Home improvement retailers were among the stocks recording gains on Tuesday, with Home Depot (HD | Quote | Chart | News | PowerRating) gaining more than 4% intraday. Lowe's (LOW | Quote | Chart | News | PowerRating), which earned an upgrade from "neutral" to "buy" from a Goldman Sachs analyst, was up more than 6%.
  
  
• The sell-off in gold stocks continues, with shares of Freeport McMoran Copper & Gold (FCX | Quote | Chart | News | PowerRating) down more than 6% on Tuesday.
  
  
• Also lower by large margins were energy stocks such as U.S. coal king, Massey Energy (MEE | Quote | Chart | News | PowerRating), which lost more than 9% in a deep pullback that brings the stock to within 10 points of its 200-day moving average.
  
  
• The biggest gainer in the Dow industrials was General Motors (GM | Quote | Chart | News | PowerRating) which was up more than 6% late in trading on Tuesday.
  
  
• Staples (SPLS | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday before the market opens. Analysts are expecting EPS of $0.21.
  
  
• Google (GOOG | Quote | Chart | News | PowerRating) unveiled its new Internet browser, Chrome, on Tuesday. The browser is available as a free download from the Google homepage.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

The British Pound is Nobody's Darling - TradingMarkets
The British Pound has been in a free fall during the entire month of August, and just hit its lowest point vs. the U.S. Dollar in over two years. TradingMarkets contributor Ed Ponsi provides some tips to help trader trade this trend.

Volatility Creates Opportunity Today for Daytraders - TradingMarkets
Writing on the first trading day of the week, Kevin Haggety pointed out how daytraders have been benefiting quite a bit from the volatility of the last two weeks.

7 ETFs You Need to Know for Wednesday - TradingMarkets
The only thing more remarkable than the rout in emerging markets on Tuesday was the drop in exchange-traded funds related to oil and oil service stocks.

TradingMarkets Daily PowerRatings Analysis

5 PowerRatings Stocks for the Next 5 Days - TradingMarkets
Looking for stocks that are likely to be higher than the average stock in the short term? Our 5 PowerRatings stocks for the next 5 days column is a great place to start!

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