TradingMarkets 7 Stocks You Need to Know for Thursday
Oversold conditions finally found their buyers as news of additional Chinese economic stimulus encouraged buying of stocks and commodities worldwide on Wednesday.
The Dow gained 149.82. The Nasdaq Composite closed higher by 32.73. And the S&P 500 ended the day up 16.54.
Here are 7 Stocks You Need to Know for Thursday.
The Supreme Court ruled in favor of a Vermont women who sued Wyeth
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PowerRating) after losing an arm to gangrene due to an interaction with a Wyeth anti-nausea drug.
News of additional economic stimulus efforts in China have boosted interest in industrial machinery companies like Caterpillar
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PowerRating) which soared by more than 14% on Wednesday.
The prospect of renewed economic activity in China has also been credited for the bounce in copper prices. And higher copper prices are a good thing for miners like Freeport-McMoran Copper & Gold
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PowerRating). FCX gained more than 13%.
Blockbuster
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PowerRating) is expected to report quarterly earnings Thursday morning before the bell. Analysts are expecting EPS of 25 cents.
Also reporting earnings before the market opens on Thursday are Urban Outfitters
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PowerRating), which is expected to announce per share earnings of 28 cents.
Analysts are expecting Marvell Technology Group
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PowerRating) to report EPS of 0.01 Thursday before the market opens.
Shares of US Bancorp
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PowerRating) slid by more than 9% on Wednesday as the company announced that it was cutting its dividend by more than 85%.
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