TradingMarkets 7 Stocks You Need to Know for Wednesday

Stocks retraced all of Monday's gains as traders took profits following a pair of advancing days in the major indices.

The Dow lost 139.88 on the day. The Nasdaq fell by 9.34. And the S&P 500 shed 15.73 as of Tuesday's close.

Applied Materials (AMAT | Quote | Chart | News | PowerRating) beat analyst earnings estimates by two cents in its announcement after the close on Tuesday.

Shoppers pursuing cheaper prices on both clothing and shoes helped boost profits at TJX Companies (TJX | Quote | Chart | News | PowerRating), which reported earnings that beat analyst estimates by a penny on Tuesday.

Reporting earnings before the market opens on Wednesday, Deere (DE | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $1.37.

UBS AG (UBS | Quote | Chart | News | PowerRating) announced that it would split its wealth management business from its investment banking business in the face of a growing number of withdrawals by the bank's wealthier clients.

Macy's (M | Quote | Chart | News | PowerRating) announced quarterly earnings Wednesday morning before the bell. Analysts are expecting EPS of $0.19.

Dell (DELL | Quote | Chart | News | PowerRating) unveiled a new line of ultralight laptop computers, including business models with batteries lasting up to 19 hours.

JP Morgan (JPM | Quote | Chart | News | PowerRating) fell more than 9% on Tuesday after reporting $1.5 billion in losses in mortgage-related securities.

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