TradingMarkets 7 Stocks You Need To Know For Wednesday

  • December 6, 2005
  • Brice Wightman

Stocks were green Tuesday as the S&P 500
and Nasdaq made 4 1/2 year highs intraday. The market
sold off rather rapidly in the last hour, however.
The move started in the futures pit, but no
fundamental factor was cited.

Q3 productivity rose 4.7%, more than expected; unit labor costs fell 1%.

Gold hit a 20-year high in its fourth consecutive winning session.

Money manager Louis Navellier said: “Lock and load
time. This is a seasonally strong time of year–all the money is coming into the
market. As far as economic numbers, it’s nothing less than economic nirvana. It
looks awfully good. November was great, December should be great, January will
be great and maybe we’ll go down after that.”

Archipelago shareholders vote in favor of the merger
with the NYSE.

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Now, here are a few stocks to watch on Wednesday:

Wellpoint
(
WLP |
Quote |
Chart |
News |
PowerRating) warned for
2006; shares traded lower after hours.

Comverse Technologies
(
CMVT |
Quote |
Chart |
News |
PowerRating)
beat by 0.02, ex-items.

Photronics
(
PLAB |
Quote |
Chart |
News |
PowerRating) beat by
0.02; revenues rose 7.3% year/year.

Innovative Solutions
(
ISSC |
Quote |
Chart |
News |
PowerRating) beat by 0.02.

Michael’s Stores
(
MIK |
Quote |
Chart |
News |
PowerRating) said
it will increase its stock buyback by 5 million shares.

Texas Instruments
(
TXN |
Quote |
Chart |
News |
PowerRating) gives
its mid quarter update on Tuesday.

Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) meets with
analysts.

Brice Wightman


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