TradingMarkets 7 Stocks You Need To Know For Wednesday

November 29, 2005
Brice Wightman

TradingMarkets

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Stocks turned in a rather poor
performance considering the positive economic data and further drop in crude
oil. All the major averages opened higher, before extending gains
immediately after the release of New Home Sales data. However, stocks spent the
rest of the day slowing giving back the gains to post mild losses in the NASDAQ
indexes, while the Dow and S&P 500 closed flat.

In economic news; Durable Goods Orders rebounded in October (report),
Consumer Confidence rose more than expected (report)
and New Home Sales jumped 13% to an annual rate of 1.42 Mln. units (report).

Go to our
Economic News section for reports and analysis.

The news sent Treasuries lower and the US Dollar Index sharply
higher. Energy prices had a volatile session, starting lower before
recovering to post gains at mid-day, then selling off into the close. Natural
Gas was the only contract to close higher but gave back much of its gains.

Gold closed above $500 an ounce, for the first time since
1987. Platinum hit $1000 an ounce yesterday, the highest level since 1980.

Now, here are some stocks for tomorrow…

FARO Technologies
(
FARO |
Quote |
Chart |
News |
PowerRating) said after the bell that
the United States Patent and Trademark Office has granted the company’s second
request for reexamination of Romer Cimcore Patent (more).

Chico’s FAS
(
CHS |
Quote |
Chart |
News |
PowerRating) reported third quarter earnings
of $53 Mln, compared to $37 Mln in the corresponding quarter of last year (more).

FirstEnergy
(
FE |
Quote |
Chart |
News |
PowerRating) announced that it is raising its
2006 annual earnings guidance by $0.05 per share to $3.45 to $3.65 per share (more).
FE has been bouncing along its 200-day MA since early November, will the news
send it higher or lead to a break of support?

Terra Industries
(
TRA |
Quote |
Chart |
News |
PowerRating) said that it has suspended
ammonia production at its UK facility at Billingham, Teesside, due to the
extremely high price of natural gas in the UK (more).

Donaldson Company
(
DCI |
Quote |
Chart |
News |
PowerRating) announced financial results
for the first quarter, reporting earnings that increased from last year on
higher revenues (more).