Fin - Breakout - US

Wednesday’s Stocks to Watch and Trading Ideas


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AP Photo/Paul Sakuma

Earnings from big names in the technology sector were dominating the conversation on Wall Street Wednesday, a day after Intel (INTC), IBM (IBM) and our parent Yahoo! Inc. (YHOO) got investors buzzing with their quarterly numbers.

Bloomberg said the results from IBM and Intel "reflected demand from companies eager to upgrade computer systems left fallow during the recession." Read more in Intel, IBM Results Show Return of Corporate Computing Demand. The Wall Street Journal also noted that the duo saw an increase in spending by business customers and indicated reason for optimism ahead. For details, see Dollars Flow Back Into Tech. However, a cautious view, at least on the world's biggest chipmaker, was also found in the WSJ's Heard on the Street. Why's that? Find out with A Premature Party for Intel. Today's another busy day for earnings, with a docket that includes AT&T (T), Wells Fargo (WFC) and later on, Apple (AAPL).

Outside of earnings, investors were also focusing again on commodities prices, with gold surpassing $1,500 an ounce, silver continuing its climb to multidecade highs and oil above $109 a barrel. Speaking of oil, it was one year ago today that the BP (BP) oil disaster began to unfold in the Gulf of Mexico when the drilling rig Deepwater Horizon exploded, killing 11 people. The subsequent leak of crude sent millions of gallons of oil into the Gulf and was the story in the U.S. for months thereafter. Check on Yahoo! Finance today as we look back on the spill.

On the blogs:

*Thank God I'm a Trader, Not an Analyst! - Peter Brandt, via StockTwits

*Intel's Q1 Proves It Doesn't Need Mobile Chip Sales - Seeking Alpha

*Who Cares About the Fed? - Economix, The New York Times

*After the Gold Rush - Seabreeze Partners

*Is Gold Really an Inflation Hedge? - Pragmatic Capitalism

*Diversification Tips From Marc Faber - Random Roger

From Twitter:

*Scott Bleier @CreateCapital - RT from Yesterday: Lot's of technicians are calling for downside action next. Which means a test of the highs will follow before the axe

*Lawrence McDonald @Convertbond - I'm seeing a large block of Facebook for sale at $30 (implies a 68 Bill mkt cap)... #FB (for info only, not my trade)

*Jason Goepfert @sentimentrader - When $SPY gaps up >1% on >5% gap in $INTC the morning after its report, future was mixed. Better than when SPY gaps <1%, though.$$

*RedLionTrader @redliontrader - Breadth turned the corner, an easy 4 days ahead. $Study

*Ryan Baird @ryandbaird - "Sell in May and go away" trade setting up ... VIX at a great level to buy puts and/or protection too

*Douglas Kass @DougKass - favorite investment long XL favorite investment short IWM

*Guy Adami @GuyAdami by @drakoncapital - I know all the talk is about Gold - but Silver is on the verge of seeing a very dramatic one or two day move to the upside - stay tuned

*Lind-Waldock @LindWaldock - Our Sr. Strategist P Streible says "risk on" trade seems to be back; thoughts on #stocks, #oil, #metals on CNBC this am

In the headlines:

*Apple Investors Await Cost of Japan Disaster - The Wall Street Journal

*Four Undervalued U.S. Integrated Oils - Barron's

*Finding the Next Step for China's Yuan Policy - MarketWatch

*Goldman's Sluggish Growth Raises Concern on Wall Street - The New York Times

*Banks Lag S&P as Slower Loan Growth Outweighs Higher Dividends - Bloomberg

*Austerity Chills the Ardor for Muni Debt - The Wall Street Journal

*Gold Breaks $1,500/Oz as Investors Seek Security - Reuters

*Silver Has Lots of Time to Shine - MoneyShow

Compiled by Elizabeth Trotta and Chris Nichols.

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