TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks surged higher on Tuesday as surprisingly positive retail news, reassuring testimony from Fed chair Bernanke, and optimism toward the president’s upcoming address to Congress helped encourage buyers.
The Dow gained 236.16. The Nasdaq Composite closed higher 54.11. And the S&P 500 ended the day ahead 29.81.
Here are 7 Stocks You Need to Know for Wednesday.
Home Depot
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PowerRating) announced a quarterly loss Tuesday morning, but traders bid the shares higher insofar as earnings exceeded analyst estimates.
Recently added to Goldman Sachs
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PowerRating) “conviction buy list”, Dollar Tree
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PowerRating) reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting EPS of 1.13.
Continuing to push back against the possibility that his bank will be nationalized, Bank of America
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PowerRating) CEO Kenneth Lewis insisted again that Bank of America didn’t need additional public assistance and was in fact in better shape than its rivals.
EPS of 22 cents is what analysts are expecting to hear from Del Monte
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PowerRating) when it announces quarterly earnings on Wednesday.
Biogen Idec
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PowerRating) is reportedly in talks to buy Acorda Therapeutics
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PowerRating). ACOR has developed an experimental treatment for multiple schlerosis that has shown success in early trials.
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