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Wednesday Morning Coffee with TradingMarkets

By David Penn | TradingMarkets.com
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Good Morning!

Stocks Reverse Lower After Early Gains ... Bank of Japan to Supply Unlimited Dollars to Buoy Money Markets ... Coca Cola, JP Morgan Chase, Wells Fargo Report Earnings Before Wednesday Open ... eBay Announces Earnings After the Close ... Asian Stocks Lower

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 Wednesday

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

  • Analysts are also expecting earnings per share of 0.77 from Coca Cola (KO | Quote | Chart | News | PowerRating), which also reports earnings Wednesday morning before the bell.

  • Microsoft (MSFT | Quote | Chart | News | PowerRating) shares slid by more than 5% on Tuesday, as Credit Suisse cut its 2009 and 2010 earnings forecast for the software maker, citing slowing PC demand.

  • JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) is expected to announce EPS of -0.17 during its quarterly earnings report Wednesday morning before the open.

  • Wells Fargo (WFC | Quote | Chart | News | PowerRating), winner of the Wachovia (WB | Quote | Chart | News | PowerRating) sweepstakes, will report earnings Wednesday morning before the market opens. Analysts are expecting earnings per share of 0.42.

  • Reporting earnings before the market opens Wednesday morning, eBay (EBAY | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.41.

  • Abbott Laboratories (ABT | Quote | Chart | News | PowerRating) reports earnings Wednesday before the market opens. Analysts are expecting EPS of 0.77.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
ProShares UltraShort QQQ QID 9
ProShares UltraShort MSCI Japan EWV 8
ProShares UltraShort Russell 2000 TWM 8
ProShares FTSE/Xinhua 25 China FXP 8
Rydex Inverse 2X Russell 2000 RRZ 8
View More Stocks

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