Wednesday Morning Coffee with Tradingmarkets

Good Morning!

Obama Nears Democratic Nomination with Oregon Win ... Time Warner, Time Warner Cable to Split ... Ted Kennedy Diagnosed with Brain Cancer ... Solarfun Easily Beats Estimates ... FOMC Minutes Due Today ... Oil Surges Above $130 ... PIMCO's Gross Praises Greenspace's Guidance

Asian stocks down ... European stocks down ... The dollar lower against the Euro ... And the futures are trending lower in the hour before the bell.

Join Gary Kaltbaum live at TradingMarkets today at 1 p.m. Eastern for his free Weekly Teleconference. Come hear Gary's take on the markets and learn how to see the market the way a professional sees - and trades - the markets everyday. Spaces are limited. Click here to save your spot.

TradingMarkets 5 Business Stories You Need to Know

Consumers Off Target - Bloomberg
A pullback in consumer spending has led to lower profits and lower revenues for retailers like Target. Earnings at Target were lower for the third quarter in a row.

Solarfun Trumps Expectations - Wall Street Journal
Handily beating earnings estimates Wednesday morning, Solarfun Power Holdings has seen dramatic increases in both options activity and institutional money flow.

End of the Carry Trade for the Aussie? - Bloomberg
Renewed credit worries have led traders to move away from high interest investments in currencies such as the Australian dollar. Find out what TradingMarkets senior forex strategist Mark Whistler is seeing in the currency markets twice a day with a free trial to Forex Focus! Forex Focus is a twice-daily bulletin on the forex markets for new and experienced currency traders. Click here to start your free trial today!

Netflix Brings the Web to the TV - New York Times
Netflix subscribers will now be able to watch on their televisions movies delivered by way of the Internet thanks to a new $99 set-top box.

Saks Misses on Sales Slump - MarketWatch
Shares of the upscale retailer have been hammered in recent days due to poor profit performance. Rising fuel costs continue to be blamed for the fortunes of struggling retailers this quarter. Saks is our TradingMarkets Up or Down Stock Contest Featured Stock. Will Saks be up or down on Thursday? Click here by 4:00 p.m. Eastern for your chance to win up to $11,000 by correctly guessing the direction of a stock!

For more stories as they happen, go to our Breaking News section.

TradingMarkets 7 Stocks You Need to Know for Today

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

• Target (TGT | Quote | Chart | News | PowerRating) reported earnings Tuesday before the open, beating analyst estimates by three cents.
  

• An analyst report suggesting that Chinese demand for metals lead to lower prices for shares of stocks like Alcoa (AA | Quote | Chart | News | PowerRating), which was down more than 3% on Tuesday.
  
  
• Home Depot (HD | Quote | Chart | News | PowerRating) announced earnings beat lowered estimates but failed to truly impress traders and investors, who sent the stock lower by more than 5% on Tuesday.
  
  
• Solarfun Power Holdings (SOLF | Quote | Chart | News | PowerRating) reported earnings this morning before the bell that twice as large as analyst expectations.
  
  
• Expanding its services to allow customers to watch content downloaded from the Internet on their televisions, Netflix (NLFX | Quote | Chart | News | PowerRating) was up by more than 3% in Tuesday trading.
  
  
• Added to Goldman Sachs "conviction buy list" yesterday, Humana (HUM | Quote | Chart | News | PowerRating) was one of the largest gainers in the S&P 500 on the day.
  
  
• Discounts on women's clothing and accessories did not prevent Saks (SKS | Quote | Chart | News | PowerRating) from missing analyst estimates in its earnings report on Tuesday. Saks finished the day down more than 6%
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Tracking the Wizards

Gary Kaltbaum Live on Wednesday - TradingMarkets
Are you a member of Gary's Gallery? Fox Business contributor and TradingMarkets regular Gary Kaltbaum gives his free weekly teleconference Wednesday at 1 p.m. Eastern. Come see the markets the way a professional sees the markets. Spaces are limited. Click the headline above to reserve your spot now!

Use the VIX - It Works! - TradingMarkets
A research classic, Rule #5 of our TradingMarkets 10 Rules for Successful Investing, is all the more worth reading as the VIX begins to move higher after being overstretched to the downside.

Up or Down Stock Contest Heats Up - TradingMarkets
Second place turns to a battle between two as BigPaulie slips, but remains in first place in our TradingMarkets Up or Down Stock Contest. Click here to get in the game and try your hand at winning $1,000 each month by correctly guessing the direction of a stock!

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