TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks soared as an economic stimulus package worked its way through Congress and the Fed reaffirmed its willingness to consider additional steps to support the economy.
The Dow gained 200.72. The Nasdaq Composite closed higher by 53.44. And the S&P 500 added 28.38.
Here are 7 Stocks You Need to Know for Thursday.
Eli Lilly & Company
(
LLY |
Quote |
Chart |
News |
PowerRating) reports quarterly earnings Thursday morning, with analysts expecting EPS of 1.05.
Reporting quarterly earnings Wednesday after the market closed was Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating), which announced EPS of 15 cents, missing estimates by two cents. The company also announced that it would cut nearly 7,000 jobs and close 300 stores.
Analysts are expecting Ford Motor Company
(
F |
Quote |
Chart |
News |
PowerRating) to report a quarterly earnings loss of 1.25 Thursday morning.
Financial stocks soared on Wednesday, with a number of top stocks entering overbought territory below the 200-day moving average. Among these stocks is Morgan Stanley
(
MS |
Quote |
Chart |
News |
PowerRating), which gained more than 17% on the day.
Sony
(
SNE |
Quote |
Chart |
News |
PowerRating) is expected to report earnings per share of 58 cents when the company reports Thursday before the market opens.
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) announced that it would eliminate 10,000 jobs and lowered its profit outlook for 2009.
EPS of 40 cents is what analysts are expecting to hear from Amazon.com‘s
(
AMZN |
Quote |
Chart |
News |
PowerRating) quarterly earnings announcement Thursday after the market closes.
Want to take your trading to another level? Click here to find out more about the new book by Larry Connors and Cesar Alvarez, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!