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7 Stocks you need to know for Wednesday
A report from CNBC that said Carl Ichan was considering a proxy fight against the board of Yahoo! (YHOO | news | PowerRating | PR Charts ) sent the company's stock soaring by more than 5% on Tuesday. Electronic Arts (ERTS | news | PowerRating | PR Charts ) reported larger losses on Tuesday, though the company beat expectations for revenues and profits after special costs were excluded. American International Group (AIG | news | PowerRating | PR Charts ) raised more than $17 billion as part of its capital-raising plan, far more than the $12.5 billion suggested a week ago. Canadian Solar (CSIQ | news | PowerRating | PR Charts ) reported dramatically higher earnings on Tuesday and raised guidance. Sharply lower net income for the second quarter by Applied Materials (AMAT | news | PowerRating | PR Charts ) suggested softening demand for semiconductors in consumer electronics. Higher quarterly profits did not help shares of retailer T.J. Maxx (TJX | news | PowerRating | PR Charts ) which was sharply lower on Tuesday due to good, but not great, guidance. Hewlett Packard (HPQ | news | PowerRating | PR Charts ) announced that it would pay $13.9 billion for Electronic Data Systems. The stock finished down by more than 5%. by Gekko (The Knight Trader) Disclaimer: Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests. Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk. There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital. |
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