The Stock List: Amazon, Netflix Advance as Bank Sell-Off Continues, IP Buys TIN

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Our Swing Trading with TradingMarkets Stock List for Wednesday includes a number of financials that have continued to sell-off below the 200-day moving average. Also making Wednesday's list are outperformers in growth stocks like Amazon.com and Netflix (more on both stocks below).

In merger and acquisition news,   Internat Paper Co ( IP ) has finally won out in its bid to acquire Temple Inland Inc ( TIN ) in a deal valued at more than $4 billion. And still trading lower after the U.S. Justice Department challenged its proposed aquisition of T-Mobile is AT&T Inc ( T ) .

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Here are 7 Stocks You Need to Know for Wednesday.

What's up on a down day? Stocks like Amazon.Com Inc ( AMZN ) and Netflix Inc ( NFLX ) climbed by more than 2% ahead of trading on Wednesday. Of the two, shares of Amazon.com are trading above their 200-day moving average, and have rallied to a new 10-day closing high in the wake of a two-day pullback.

Lagging somewhat among the growth names are stocks like LNKD ( LNKD ) and Salesforce.com Inc ( CRM ) . Shares of LNKD have closed lower for four days in a row, while CRM ended trading on Tuesday down for a third consecutive session.

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Plunging by more than 3% below the 200-day are financial stocks like JPMorgan Chase and Co. ( JPM ) and Bank Of America Corp ( BAC ) . Persistent selling in these stocks has reduced them to severely oversold levels.

But the most aggressive selling in the S&P 500 came in the market for shares of Sprint Nextel Corp ( S ) . The stock fell by more than 4% ahead of trading on Wednesday and has been trading below its 200-day moving average since late July.

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David Penn is Editor in Chief of TradingMarkets.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Stocks

Referenced Stocks: AMZN , BAC , CRM , S , T

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