Wednesday Morning Coffee with TradingMarkets

Good Morning!

Stocks Surge in Oversold Rally ... Euro Slides Versus Dollar As Credit Crisis Hits Europe ... FDIC Seeks Deposit Insurance Limit Increase Authority ... Senate Plans Bailout Bill Vote This Week ... Research in Motion, Amazon.com Soar

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TradingMarkets 7 Stocks You Need to Know for Wednesday

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

• Warning that selling in the stock was "overdone", Goldman Sachs (GS | Quote | Chart | News | PowerRating) suggested that Apple (AAPL | Quote | Chart | News | PowerRating) should reach $145 per share over the intermediate term.
  
  
• Representative of the bullishness in tech stocks on Tuesday, Research in Motion (RIMM | Quote | Chart | News | PowerRating) gained more than 10%, largely retracing Monday's losses.
  
  
• Gapping down more than 9 points on the open, shares of Wachovia (WB | Quote | Chart | News | PowerRating) nevertheless rallied all day on Tuesday, finishing the session up more than 90%.
  
  
• Huntsman (HUN | Quote | Chart | News | PowerRating) soared by more than 70% on news that a judge had ordered Hexion Specialty Chemical Company to honor a $6.5 billion buyout agreement to purchase the chemical company.
  
  
• Bank of America (BAC | Quote | Chart | News | PowerRating) was one of the few Dow stocks to have a positive September. BAC was up more than 15% on Tuesday.
  
  
• Shares of Sovereign Bank (SOV | Quote | Chart | News | PowerRating) soared by more than 80% on news that the savings and loan was replacing its CEO.
  

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

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