TradingMarkets 7 Stocks You Need to Know for Thursday
Traders and investors took a bit of a breather on Wednesday, leaving stocks little changed after Tuesday’s massive move higher.
The Dow added 3.91. The Nasdaq Composite climbed 13.36. And the S&P 500 closed higher by 1.76.
Here are 7 Stocks You Need to Know for Thursday.
Financial stocks continued their bull run on Wednesday. Goldman Sachs
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PowerRating) added Morgan Stanley
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PowerRating) to its “conviction buy” list, citing the financial firm’s likelihood of outperforming its peers. Goldman Sachs looked less favorably on American Express
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PowerRating), putting a “sell” rating on the stock amid continued concerns about earnings.
Smithfield Foods
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PowerRating) reports quarterly earnings Thursday before the market opens. Analysts are expecting EPS of -0.27.
A number of companies are reporting quarterly earnings after the bell on Thursday. These include Smith & Wesson
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PowerRating), which is expected to announce earnings of 1.00, and Pacific Sunwear
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PowerRating). Pacific Sunwear is expected to announce an earnings per share loss of fifty cents.