TradingMarkets 7 Stocks You Need to Know for Wednesday
The spectre of equity dilution helped keep buyers at bay on Tuesday, as stocks in general sagged lower.
The Dow gained 50.34. The Nasdaq Composite edged lower by 15.32. And the S&P 500 finished the day off 0.89.
Here are 7 Stocks You Need to Know for Wednesday.
Among a number of retailers announcing quarterly earnings Wednesday morning before the bell are Macy’s
(
M |
Quote |
Chart |
News |
PowerRating) and Liz Clairborne
(
LIZ |
Quote |
Chart |
News |
PowerRating). Analysts are expecting an EPS loss of 20 cents from Macy’s and an earnings loss of 24 cents per share from Liz Clairborne. Macy’s continues to pullback above its 200-day moving average. Shares of Liz Clairborne continue to consolidate in a tight $1 range just below their 200-day.
Ford Motor Company
(
F |
Quote |
Chart |
News |
PowerRating) announced after the close on Monday that it was issuing 300 million common shares as part of a plan to defray health care costs. The stock, which trades above its 200-day moving average, pulled back by more than 10% intraday on Tuesday.
Soaring to close above its 200-day moving average for the first time since June 2008 was Altria Group
(
MO |
Quote |
Chart |
News |
PowerRating), which gained more than 3% intraday.
Shares of Walt Disney
(
DIS |
Quote |
Chart |
News |
PowerRating) pulled back for a fourth consecutive session above the 200-day moving average on Tuesday. The stock is now more oversold than it has been in more than a month.
Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating) will make more than $7 billion from its sale of its interest in the China Construction Bank. Bank of America closed lower for a fourth consecutive session above the 200-day moving average on Tuesday.
Announcing quarterly earnings after the market closes on Wednesday is Whole Foods Markets
(
WFMI |
Quote |
Chart |
News |
PowerRating). Analysts are expecting per share earnings of 18 cents from the company. The stock bounded higher on Tuesday after pulling back mildly for the past three consecutive trading days.
Avoid single stock volatility and learn to trade ETFs. Click here to order High Probability ETF Trading and get quantified trading strategies for one of the fastest growing financial vehicles.