7 Stocks You Need to Know for Wednesday
Stocks finished the day mixed, with the Dow off by 44.13 and the S&P 500 down by 0.54. The Nasdaq was the gainer on the day, closing the session ahead by 6.63.
Here are 7 Stocks You Need to Know for Wednesday.
A report from CNBC that said Carl Ichan was considering a proxy fight against the board of Yahoo!
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PowerRating) sent the company’s stock soaring by more than 5% on Tuesday.
Electronic Arts
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PowerRating) reported larger losses on Tuesday, though the company beat expectations for revenues and profits after special costs were excluded.
American International Group
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PowerRating) raised more than $17 billion as part of its capital-raising plan, far more than the $12.5 billion suggested a week ago.
Canadian Solar
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PowerRating) reported dramatically higher earnings on Tuesday and raised guidance.
Sharply lower net income for the second quarter by Applied Materials
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PowerRating) suggested softening demand for semiconductors in consumer electronics.
Higher quarterly profits did not help shares of retailer T.J. Maxx
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PowerRating) which was sharply lower on Tuesday due to good, but not great, guidance.
Hewlett Packard
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PowerRating) announced that it would pay $13.9 billion for Electronic Data Systems. The stock finished down by more than 5%.
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