Wednesday Morning Coffee with TradingMarkets

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Stocks Suffer Worst 2-Day Slide Since 2002 ... Bernanke Threatens Recession Without Bailout ... Short Sale Restrictions Crimp Options Trading ... Berkshire Hathaway To Invest $5 Billion in Goldman Sachs ... T-Mobile Unveils Google-Powered Smartphone

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TradingMarkets 7 Stocks You Need to Know for Wednesday

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

• T-Mobile introduced the first mobile phone that runs on Android, software created by Google Inc. (GOOG | Quote | Chart | News | PowerRating), on Tuesday.
  
  
• Down more than 7% on the day, General Motors (GM | Quote | Chart | News | PowerRating) was the biggest loser in the Dow industrials on a percentage basis.
  
  
• Reporting earnings Wednesday morning after the market opens, Nike Inc. (NKE | Quote | Chart | News | PowerRating) is expected to announce quarterly earnings of 0.92.
  
  
• Predictions of a slow holiday shopping season encouraged traders to sell shares of Amazon.com (AMZN | Quote | Chart | News | PowerRating), which was down more than 3% on Tuesday.
  
  
• Down more than 4%, General Electric (GE | Quote | Chart | News | PowerRating) was among the companies added to the Securities and Exchange Commission's temporary short sale ban list.
  
  
• Bristol Myers Squibb (BMY | Quote | Chart | News | PowerRating) raised its offer for Imclone Systems (IMCL | Quote | Chart | News | PowerRating) to $62 per share on Tuesday.
  

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

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