TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks moved dramatically lower on Wednesday as overbought conditions from the past few days continued to unwind.
The Dow lost 245.40. The Nasdaq Composite fell 53.32. And the S&P 500 closed lower by 28.05.
Here are 7 Stocks You Need to Know for Thursday.
Intel
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PowerRating) warned that fourth quarter revenues will be lower than analysts are expecting. The negative news from Intel helped drag the entire technology sector lower on Wednesday.
Bed Bath and Beyond
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PowerRating) reported EPS of 34 cents after the close on Wednesday beating analyst estimates by a penny.
Sales of seeds and weed-killer helped boost the bottom line at Monsanto
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PowerRating), which beat analyst earnings expectations Wednesday morning with first quarter profits that were more than double those from the same quarter last year.
A $25 billion writedown means that Time Warner
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PowerRating) will likely report its first annual loss in six years.
General Motors
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PowerRating) and Coca Cola
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PowerRating) were the only two Dow stocks to move higher on Wednesday.
Money flows into consumer durable stocks helped boost shares of grocery chains like Supervalu
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PowerRating) by more than 8%. Supervalu was highlighted as one of our TradingMarkets 7 Stocks You Need to Know for Wednesday.
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