TradingMarkets 7 Stocks You Need to Know for Thursday
Lackluster trading during most of the session turned to more determined selling late as health care provided among the few safe havens for the bulls.
The Dow closed lower by 107.46. The Nasdaq Composite lost 20.20. And the S&P 500 ended the day down 11.75.
Here are 7 Stocks You Need to Know for Thursday.
Consumer companies will be under the earnings spotlight on Thursday as both Carnival Corporation
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PowerRating) and Pier 1 Imports
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PowerRating) are scheduled to report. Analysts are expecting per share earnings of 29 cents from Carnival, and a per share earnings loss of 36 cents from Pier 1.
Shares of Pier 1 soared by more than 13% on Wednesday before pulling back. Carnival was up a more modest 3% before its gains were nearly halved late in the trading day.
Also reporting on Thursday, though after the market closes, is Research in Motion
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PowerRating). Analysts are expecting EPS of 93 cents from the maker of the popular BlackBerry. Shares of RIMM were pulling back for a fourth consecutive trading day above the 200-day moving average late in trading on Wednesday.
JP Morgan
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Indicative of the strength in health care stocks on Wednesday was the rally in shares of St. Jude Medical
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And one day after closing with a 2-period RSI of less than 3, Qualcomm
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PowerRating) rallied by more than 3%. The stock had been increasingly oversold above the 200-day moving average since a rally in QCOM reversed late last week. An upgrade from Goldman Sachs was credited Wednesday afternoon for the aggressive buying in the oversold stock.
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