TradingMarkets 7 Stocks You Need To Know For Wednesday
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Stocks fell Tuesday after the Fed raised
rates by 1/4 point to 4%, the 12th straight increase.
 The Fed said in their statement that core inflation has
been relatively low, that hurricanes temporarily depressed output, and that
long-term inflation expectations remain contained.
The ISM Index was 59.1 in October, higher than expected, vs. 59.4 in
September. Construction spending was +0.5%, in-line.
November starts the best 6-month period for the stock
market, historically speaking.
Dell
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PowerRating) guided lower for Q3, saying they see
earnings at the low end of prior guidance; they now see revenues near $13.9
billion. The stock traded to its lowest level since May 2003. DELL fell 8%.
Now, here are a few stocks to watch on Wednesday:
Electronic Arts
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ERTS |
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PowerRating) beat by 0.10, beat on
revenues and guided lower for Q3 and in-line for fiscal 2006.
Sun Microsystems
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PowerRating) reported (0.02) vs the
(0.01) consensus, missing by a penny. The company also missed on revenues.
Beazer Homes
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PowerRating) reports before the bell
Wednesday; look for $3.11.
Cigna
(
CI |
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PowerRating) also reports before the bell; look for
$1.62.
Black Box Â
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PowerRating) beat by 0.06.
Paccar
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PowerRating) beat by 0.02.
Electronic Data
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PowerRating) beat by 0.05.
Brice Wightman