TradingMarkets’ 7 Stocks You Need To Know About For Thursday
Stocks fell on Wednesday after
oil rebounded.
Early on, traders balanced a weak retail
sales report with good earnings from Lehman Brothers, but later in the session
the indices slid, closing near the lows.
August retail sales fell 2.1% in August–the
biggest drop in almost four years. Lehman Brothers
(
LEH |
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PowerRating) beat by 0.59
and beat on revenues. Profit rose 74% on higher M&A profits and increased debt
origination. Crude inventories fell by 6.6 million barrels, sending prices
higher. Crude oil rose 3% to close at $65.05.
Baidu.com
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PowerRating) fell over $32 on two
brokerage firms’ initial coverage. Goldman Sachs and Piper Jaffray both
initiated coverage of BIDU with underperform ratings. . Goldman analyst Anthony
Noto values the stock at $27.
Now, here are 7 stocks to watch on Thursday:
Celgene
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CELG |
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PowerRating)
rallied again today on good volume. An advisory panel said its Revlimid is
effective in treating anemia in some patients.
This is a weekly chart of Intel
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INTC |
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PowerRating).
Looks due for a bounce soon, possibly at that trendline, possibly sooner.
Click Commerce
(
CKCM |
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PowerRating) broke out of a trading range on volume today. The company is
presenting at the ThinkEquity Partners Growth Conference in San Francisco.
Zimmer Holdings
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PowerRating) has been in the news recently, saying Katrina would trim its earnings.
That’s a fairly large and fast fall, and a tradeable bounce is possible. Trying
to catch a falling knife is dangerous business, though. Be nimble. Watch your
intraday charts for a spot..
Beckman Coulter
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BEC |
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PowerRating) is hitting the intersection of its 50-day moving average and gap-down
resistance. It may encounter some difficulty here.
This could be a double top for CNS, Inc.
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CNXS |
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PowerRating).
We’ll see.
California Micro Devices
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CAMD |
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PowerRating) raised Q3 guidance after the close Wednesday.
Brice Wightman