TradingMarkets’ 10 Stocks You Need To Know About For Wednesday

September 27, 2005
TradingMarkets Editors

Stocks closed mixed on
Tuesday, gaining ground intraday as Alan Greenspan spoke.
The Fed chief said the U.S. economy was flexible enough to
withstand higher oil and gas prices. Traders were concerned he might focus
on inflationary concerns. Greenspan also said that asset prices fall after long
periods of risk taking, saying, "History cautions that extended periods of
low concern about credit risk have invariably been followed by reversal,
with an attendant fall in the prices of risky assets." Most economists fell he
is talking about the housing market.

In the first post-Katrina report, consumer
confidence fell more than expected, to 86.6 in September vs. 105.5 in
August. It was the lowest reading in nearly three years and the biggest drop in
15 years.

Source: September 2005 Consumer Confidence Index,
The Conference Board.

New home sales fell 9.9% in August to a
seasonally adjusted rate of 1.24 million.

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

Manugistics
(
MANU |
Quote |
Chart |
News |
PowerRating) beat by 0.02,
ex-items.

Paychex
(
PAYX |
Quote |
Chart |
News |
PowerRating) beat by 0.02 and raised guidance.

McCormick
(
MKC |
Quote |
Chart |
News |
PowerRating) reports before the
bell. Look for 0.34. Note the potential resistance on the chart.

Kerr McGee
(
KMG |
Quote |
Chart |
News |
PowerRating) reports on Wednesday;
look for $2.60. This is a strong stock trying to rally from a pullback.