TradingMarkets’ 7 Stocks You Need To Know About For Wednesday

  • September 6, 2005
  • TradingMarkets Editors

Stocks rallied, with the Dow up by triple digits and
closing at the highs for the day. The Dow and Nasdaq closed at 3-week
highs on lower crude prices and news that some Gulf oil rigs are operational.
Crude oil fell 1.1% and closed at a 2-week low.
Economic data also lifted the market. The ISM services Index rose to 65.0% in
August, up from 60.5% in July.

Several Dow stocks are in the news: Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating) was
downgraded to neutral at Merrill Lynch. Coca Cola
(
KO |
Quote |
Chart |
News |
PowerRating) was
raised to a buy at Bank of America. Deutsche Bank cut GM’s
(
GM |
Quote |
Chart |
News |
PowerRating) debt
rating to sell from hold.

After the close, Neiman Marcus
(
NMGA |
Quote |
Chart |
News |
PowerRating) beat by a penny.
Shuffle Master
(
SHFL |
Quote |
Chart |
News |
PowerRating) also beat by a penny, on light revenues. The
company also guided slightly higher.

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

Whole Foods
(
WFMI |
Quote |
Chart |
News |
PowerRating) looks like it may rally from a pullback.

Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) took out the recent highs…

Autozone
(
AZO |
Quote |
Chart |
News |
PowerRating) could rally near its 200-day moving average.

Amazon
(
AMZN |
Quote |
Chart |
News |
PowerRating) may rally from this pullback near its 50-day MA.

Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) showed some signs of life after a long sell-off.

Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating) could shoot for the recent highs.

And finally, Carnival
(
CCL |
Quote |
Chart |
News |
PowerRating) moved on good volume today and could
continue.

Brice Wightman