TradingMarkets 7 Stocks You Need to Know for Thursday

A volatile session made all the more volatile by the Fed’s decision to dramatically increase its purchases of long-term government bonds ended with stocks and bonds higher on the day.

The Dow closed higher by 90.88. The Nasdaq Composite gained 29.11. And the S&P 500 ended the day up 16.23.

Here are 7 Stocks You Need to Know for Thursday.

Reporting quarterly earnings after the close on Wednesday was Oracle Corporation
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, which beat analyst estimates by three cents. The company also announced its first ever quarterly dividend of 5 cents a share.

Also reporting after the bell on Wednesday was Nike
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, which smashed analyst estimates by twenty cents per share.

The Wall Street Journal reported that IBM
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is looking into buying Sun Microsystems
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as part of an $8 billion dollar deal that would have IBM picking up the company for between $10-11 per share.

A number of companies are reporting quarterly earnings Thursday morning before the market opens. Perhaps at the top of the list is FedEx Corporation
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, which is expected to announce EPS of 0.46.

Also reporting Thursday morning is Ross Stores
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. Analysts are expecting per share earnings of 76 cents.

An earnings per share loss of 59 cents is what analysts expect to hear from Palm Inc.
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, which is scheduled to report earnings after the close on Thursday.

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