7 Stocks You Need To Know About For Thursday
Stocks fell after crude oil closed at historic highs at
$64.90. The session began with
stocks extending their rally from yesterday but fell later in the day. Intraday,
the Dow made a 5-month high. Techs gave back much of their August gains.
After the bell, News Corp
(
NWS |
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PowerRating) beat by 0.05. CV
Theraputics
(
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PowerRating) said Regadenoson met its primary endpoint its Phase
3 trial.
The EIA reported a 2.6 million barrel build in crude, a 2.1 million barrel
build in gasoline and a 2.6 million barrel build in distillates–all more than
expected.
On CNBC, Boone Pickens predicted $75 oil within a year.
Here are some stocks to watch for Thursday:
Baidu.com
(
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PowerRating)
is still pulling back–three days now. Note the daily range is getting smaller
and the volume is drying up on the pullback. I think some time this week–maybe
even Thursday–this stock might trigger a good swing trade long.
CV Theraputics
(
CVTX |
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News |
PowerRating) reported some good news after the bell (see above). This stock is
also trading near the important 50-day moving average and could bounce.
Just a follow up on Aetna
(
AET |
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PowerRating), from
Tuesday’s article. The stock triggered and is now up 1.20 from when it was first
mentioned.
Time Warner
(
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is looking tired here and may pull back.
Viacom
(
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PowerRating)
looks tired, too.
Gen-Probe
(
GPRO |
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PowerRating)
reported some good news on one of its drugs. This stock looks as if it will
resume its uptrend after filling the recent gap.
Montana Dakota Utilities
(
MDU |
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News |
PowerRating) said the passage of the highway bill would be good for the company.
We’ll see what the market says about that.
Brice Wightman