TradingMarkets’ 7 Stocks You Need To Know About For Wednesday
Stocks fell sharply
after the Fed raised interest rates a quarter point to 3.75%–the 11th rise in
15 months. The Fed said Katrina could fuel inflationary pressures,
saying the economy could face a “near term setback.” The Fed hinted that ratesÂ
would continue to rise, as the “measured pace” phrase remained intact. Oil fell
$2, but that did little to stop the selling.
After the close, Christopher & Banks
(
CBK |
Quote |
Chart |
News |
PowerRating)
missed by a penny. CKE Restaurants
(
CKR |
Quote |
Chart |
News |
PowerRating) beat by 0.09, ex-items. The
stock traded up after hours.
Now, here are a few stocks to watch on Wednesday:
Autozone
(
AZO |
Quote |
Chart |
News |
PowerRating)
reports before the bell. Look for $2.84.
Conagra
(
CAG |
Quote |
Chart |
News |
PowerRating) is due to report before
the bell. Estimates are 0.23. Will that be a double bottom?
Fedex
(
FDX |
Quote |
Chart |
News |
PowerRating) also reports before the
bell. The consensus is 1.17.
Look for Morgan Stanley
(
MWD |
Quote |
Chart |
News |
PowerRating) to
report 1.05 on Wednesday.
The Merc
(
CME |
Quote |
Chart |
News |
PowerRating) just broke out of a
cup-and-handle-like pattern.
Nike
(
NKE |
Quote |
Chart |
News |
PowerRating) has filled the lap (yes
lap, not gap).
Bed Bath & Beyond
(
BBBY |
Quote |
Chart |
News |
PowerRating) reports
after the bell Tuesday. Look for 0.46.
Brice Wightman