TradingMarkets’ 7 Stocks You Need To Know About Thursday

Stocks were range bound on
Wednesday, closing mixed after oil prices rose above $66.

Crude jumped after oil inventories fell more than
expected, by 2.4 million barrels. Gasoline inventories were better than expected
at 4.4 million barrels; the expectation was for a gain of 2.7 million barrels.

After the close, Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating)

beat on revenues and guided Q4 higher. The stock traded lower after hours.
Red Hat

(
RHAT |
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Chart |
News |
PowerRating)
beat by 0.02.

Kodak
(
EK |
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Chart |
News |
PowerRating)
said that operating earnings in
its digital business won’t meet previous projections. Digital revenues, however,
should come in higher than the 36% target, the company said.

 


Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating)
bounced nicely
Wednesday after being mentioned yesterday. I’ll refer you to TradingMarkets
Rule
8:
Learn how to
properly use RSI. It may be the best indicator available to traders.


Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating)
missed by a
penny on a GAAP basis. The stock traded lower after hours.


Family Dollar
(
FDO |
Quote |
Chart |
News |
PowerRating)
is expected to report 0.17 before the open.


Look for Pepsi 
(
PEP |
Quote |
Chart |
News |
PowerRating)
to report
0.73 before the open.


Micron
(
MU |
Quote |
Chart |
News |
PowerRating)

reports after the bell on Thursday. Look for (-0.09). The stock is trading at
the bottom of a channel on this weekly chart.


A director at Jacuzzi
(
JJZ |
Quote |
Chart |
News |
PowerRating)
bought
50,000 shares between $7.31 – $7.34. Is that a clue?


Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating)
is looking very oversold
here.

Brice Wightman