Morning Spy: Waiting On The FOMC (JVA, TZOO, HTM, KMX, ZX, AAPL, RIMM, YHOO)

The markets opened mildly lower on Wednesday. The weakness might be attributed to a response to Greece’s confidence vote, which took place last night. Another reason for the markets lackluster start could be cautiousness around potential comments from the FOMC meeting finishing today.

Today’s Top tickerspy Indexes:

Coffee Stocks (up 1.5%, see graph): The Index continues to perform well as a whole, up 19% over the last month. A major contributor to this is Coffee Holding Company (JVA), which has skyrocketed higher by more than 100% over the last month.

Dotcom Travel Stocks (up 1.3%, see graph): Shares of Travelzoo Inc (TZOO) are leading the Index higher today after Benchmark raised its price target on the stock to $124 and reiterated its buy rating.

Geothermal Stocks (up 1.3%, see graph): The Index is performing well as a whole, with not one stock in the red. Leading the Index higher are shares of U.S. Geothermal Inc. (HTM)

Auto Dealer Stocks (up 1.3% today, see graph): The Index is being led by CarMax (KMX), which reported earnings of 55 cents per share, topping analysts estimates of 47 cents per share. The Chinese Auto Parts Stocks Index is also having a good day. Shares of China Zenix Auto (ZX) are leading the Index on average volume.

Today’s Top Market Headlines

Apple Said to Prepare Faster IPhone for September: Apple (AAPL) plans to introduce a new iPhone in September that boasts a stronger chip for processing data and a more advanced camera, according to two people familiar with the plans.

Banks Will Be Sued If Foreclosure Talks Collapse, Attorneys General Say: Two state attorneys general who are among those leading negotiations with the five largest U.S. mortgage servicers over their foreclosure practices said the banks would be sued if a settlement isn’t reached.

Research In Motion A Takeover Target? That’s Hard To Believe: Research in Motion (RIMM) shares staged an impressive rebound on Tuesday, aided in no small measure by reports that the company after its recent sharp slide could now be a takeover target.

Yahoo, Alibaba, Softbank Still Talking On Status Of Alipay: Here’s the latest on the status of Alibaba Group’s talks with shareholders Yahoo (YHOO) and Softbank on the status of the online payment company Alipay: they are still talking.

BitTorrent, Patent Reform, Best Buy: Intellectual Property: BitTorrent Inc., whose Internet protocol is used by many to share music and films, is accused of infringing a patent belonging to a San Francisco company.

Is your dividend income riskier than expected?: I try to maintain a conservative portfolio of dividend growth stocks, where I maintain proper asset allocation, position sizing and have exposure to asset classes and markets outside of the US.

Tags: AAPL, HTM, JVA, KMX, RIMM, TZOO, YHOO, ZX