TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks were routed on Wednesday, with the Nasdaq and S&P 500 both losing more than 5%.
The Dow closed down 411.30. The Nasdaq Composite fell by 81.69. And the S&P 500 lost 46.65.
Here are 7 Stocks You Need to Know for Thursday.
American Express
(
AXP |
Quote |
Chart |
News |
PowerRating) has reportedly asked for $3.5 billion in assistance from the Treasury’s TARP (troubled asset relief program).
Retailers are again front and center in the earnings picture on Thursday with both Kohls
(
KSS |
Quote |
Chart |
News |
PowerRating) and Nordstrom
(
JWN |
Quote |
Chart |
News |
PowerRating) reporting earnings. Kohls is expected to announce EPS of 0.51. Nordstrom is expected to report earnings per share of 0.31.
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) moved closer to forging a deal with Verizon Communications
(
VZ |
Quote |
Chart |
News |
PowerRating) that would allow the software giant to be the default search engine provider for Verizon’s mobile phones.
Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating) is among the multinational companies widely believed to benefit from the implementation of China’s economic stimulus package announced this week.
Suffering its biggest single-day loss in years on Wednesday, Best Buy
(
BBY |
Quote |
Chart |
News |
PowerRating) lowered its sales and earnings forecasts. The electronics retailer said it believed this year’s holiday shopping season would be among the worst of the past 20 years.
Do you think Best Buy will be Up or Down on Friday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 each month by correctly guessing the direction of a stock!