TradingMarkets 7 Stocks You Need to Know for Wednesday
Conflicting economic data resulted in a lackluster session. Profit takers hit the stock market late in the session driving the major indexes solidly lower. Word of the Chinese Investment Corp investing $2 billion into two distressed funds run by Goldman Sachs failed to generate enough interest to counteract the selling. The DJIA fell 47.16, the tech heavy Nasdaq slipped 6.70 and the broad based S&P 500 gave back 2.37.
Here are 7 stocks you need to know for Wednesday.
Volatile Diamond Foods
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PowerRating) announces its fiscal fourth quarter 2009 results after the bell on Wednesday, with an expected EPS of 19 cents.
Software maker, Lawson Software
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PowerRating), expects to see an EPS of 4 cents for its fiscal first quarter 2010 once the market closes on Wednesday evening.
10 cents/share is the forecast figure for Xyratex Ltd’s
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PowerRating) fiscal third quarter 2009 after the session on Wednesday.
Long time retailer, Sears Roebuck
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PowerRating), has been ordered to pay a record $6 million dollars in an Americans with Disabilities bias suit.
Rumors hit the street of CIT Group
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CIT |
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PowerRating) merging with Indy Mac Bank facilitated by hedge fund kingpin John Paulson.
Despite the dismal consumer confidence, Morgan Stanley upgraded yuppie favorite clothier Ralph Lauren
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RL |
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PowerRating).
Huge allocator, China Investment Corp, has decided to invest $2 billion dollars in 3 distressed funds including two run by Goldman Sachs
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GS |
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PowerRating).
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