TradingMarkets 7 Stocks You Need to Know for Thursday: RIMM, C, INTC, BA, DIS, SBUX, GOOG
Among the biggest gainers at midweek are retailers like ^ROST^ and ^AMZN^. Both stocks trade above their 200-day moving averages. But perhaps the biggest retail gainer on Wednesday was ^RL^, which closed higher by more than 7% on the day.
Food stocks continue to retreat, with both ^CPB^ and ^DF^ continuing to move lower below their 200-day moving averages.
Here are 7 Stocks You Need to Know for Thursday.
Shares of ^RIMM^ rallied to new short term highs ahead of Thursday’s trading. Up well over 6% on Wednesday, the stock has been trading below its 200-day moving average since early May.
Up 3% after a two-day pullback above the 200-day moving average were shares of ^C^ (below) on Wednesday.
Citigroup was one of the bigger gainers of the S&P 100 ahead of trading on Thursday.
Down 1% on Wednesday before rallying to trim those intraday losses in half, shares of ^INTC^ have pulled back for three straight sessions. INTC only recently crossed above its 200-day moving average, a level the stock had traded below since early August.
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Pulling back by nearly 3% intraday and closing lower for a third consecutive trading day were shares of ^BA^ (below).
BA last pulled back sharply at the end of October. After closing lower for four days in a row, shares of Boeing rallied by more than 3% over the next two days.
Shares of ^DIS^ remained little changed ahead of the company’s scheduled quarterly earnings announcement on Thursday.
^SBUX^ (below) rallied on Wednesday after a two-day pullback above the 200-day. The stock was up nearly 1% on the session.
Shares of ^GOOG^ closed lower for a second trading day ahead of trading on Thursday. The selling puts the stock at its most oversold since late October.
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David Penn is Editor-in-Chief at TradingMarkets.com.