TradingMarkets’ 7 Stocks You Need To Know About For Thursday
Stocks sank on Wednesday,
closing at their lows, with the S&P 500 closing below its 200-day moving
average. The Dow made a three-month low.
Breadth was negative. Crude was no help to the market, closing at $62.79, down
1.11.
The S&P 500 is off almost 3% in the first three
days of Q3.
Cyclicals and basic materials were weak as copper prices made all time highs.
General Electric
(
GE |
Quote |
Chart |
News |
PowerRating) made a 52-week low.
Now, here are a few stocks to watch on Thursday:
American Eagle’s
(
AEOS |
Quote |
Chart |
News |
PowerRating) same store sales rose more than expected.
Costco
(
COST |
Quote |
Chart |
News |
PowerRating)
reports earnings at 11 AM. Look for 0.64.
If the market happens to rally on Thursday,
ExxonMobil
(
XOM |
Quote |
Chart |
News |
PowerRating) may benefit–it’s oversold.
Starbucks‘
(
SBUX |
Quote |
Chart |
News |
PowerRating)
same store sales rose more than expected.
ATI Technologies
(
ATYT |
Quote |
Chart |
News |
PowerRating) reports on Thursday–look for -0.30.
Look for Marriot
(
MAR |
Quote |
Chart |
News |
PowerRating) to report 0.64.
Schnitzer Steel
(
SCHN |
Quote |
Chart |
News |
PowerRating) also reports; the estimate is 0.85.
Brice Wightman