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Tuesday, June 17, 2008

Hot Stocks to Watch Wednesday

CME Group Inc. (NYSE:CME) was the S&P 500's biggest gainer on word that the Justice Department would approve CME's purchase of NYMEX, the New York Mercantile Exchange. The Short Term PowerRating for CME is 1.
Goldman Sachs (NYSE:GSblew away earnings estimates this morning before the open, having largely avoided the worst of the lending crisis that has haunted its Wall Street peers. The Short Term PowerRating for GS is 2.
FedEx (NYSE:FDX) is scheduled to report quarterly earnings Wednesday before the open. Analysts are expecting earnings of $1.47 per share. The Short Term PowerRating for FDX is 5.
Zions Bancorporation (NasdaqGS:ZION) was down more than 10% on Tuesday as a Goldman Sachs report suggested tough times for regional banks through 2009. The Short Term PowerRating for ZION is 5.
Canadian Solar (NasdaqGM:CSIQ) closed up more than 10% on news that the company was boosting its 2008 sales forecast by as much as $220 million. The Short Term PowerRating for CSIQ is 2.
In their earnings announcment Tuesday before the open, Best Buy (NYSE:BBY) topped analyst estimates by six cents per share. The Short Term PowerRating for BBY is 4.
Morgan Stanley (NYSE:MS) reports earnings tomorrow before the bell, with analysts expecting EPS of $0.92. The Short Term PowerRating for MS is 3.

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