TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks rallied late in the day, with the Dow leading and the VIX moving lower for the second day in a row. The Dow ended Wednesday up 45.68. The Nasdaq Composite closed higher by 5.46. And the S&P 500 finished ahead by 5.49.
Here are 7 Stocks You Need to Know for Thursday
Dow Chemical
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PowerRating) announced its decision to raise prices on all products by as much as 20% by the first of June to deal with rising commodity costs.
Hedge fund manager David Einhorn claimed that the $6 billion raised by Lehman Brothers
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PowerRating) will not be enough to cover the company’s credit-related losses.
Reporting earnings before the bell on Thursday, Costco
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PowerRating) is expected to announce earnings per share of $0.65.
Shares of Dryships
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PowerRating) were up more than 9% on Wednesday as the business of transporting commodities across international waters continues to benefit shippers.
Fears of sluggish advertising sales growth led investors and traders to sell shares of Viacom
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PowerRating) on Wednesday. The stock was down by more than 4% on the day.
Dell
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PowerRating) is scheduled to report earnings on Thursday after the close. Analysts are expecting EPS of $0.33.
Expedia
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PowerRating) moved higher by more than 4% on Wednesday as speculation grew that Barry Diller, chairman of the company, would seek to take the company private.
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