Wednesday Morning Coffee with TradingMarkets

Good Morning!

Fed To Lend Directly to Corporations in Depression-Era Strategy ... Bernanke Announces Readiness to Cut Rate ... Asian Stocks Weaken as Financial Crisis Spreads ... Citi, Wells Fargo Urged to Negotiate Wachovia Deal ... Oil Rebounds ...

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TradingMarkets 7 Stocks You Need to Know for Wednesday

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

• Monsanto (MON | Quote | Chart | News | PowerRating) reports earnings Wednesday before the market opens. Analysts are expecting a loss of 0.13 per share.
  
  
• A downgrade to "underperform" by Merrill Lynch led traders and investors to sell shares of Walt Disney (DIS | Quote | Chart | News | PowerRating), which fell by nearly 6% on Tuesday.
  
  
• Among the few stocks to do well this week, Safeway (SWY | Quote | Chart | News | PowerRating) rallied by more than 5% late in trading on Tuesday. The stock remains below its 200-day moving average.
  
  
• The biggest decliner in the Dow industrials, Bank of America (BAC | Quote | Chart | News | PowerRating) lost more than 26% on Tuesday.
  
  
• Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) was up nearly 10% late in trading on Tuesday. AMD plans to spin off divisions as part of an investment of as much as $8.4 billion from the government of Abu Dhabi.
  
  
• A Barclay's PLC downgrade led to selling in shares of International Business Machines (IBM | Quote | Chart | News | PowerRating), which were down by nearly 5% on Tuesday.
  
  
• Activist hedge fund manager William Ackman said that Wachovia (WB | Quote | Chart | News | PowerRating) would likely be worth more to potential bidders if the lender were split into two parts.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

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