TradingMarkets 7 Stocks You Need to Know for Thursday
Profit-taking and disappointment that lower home prices did not spur stronger home resales kept stocks under selling pressure on Wednesday. A late rally faded, bringing stocks back into the red and out of increasingly overbought conditions.
The Dow slid 80.05. The Nasdaq Composite ended the day down 16.40. And the S&P 500 closed off 8.24.
Here are 7 Stocks You Need to Know for Thursday.
Allstate
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PowerRating) announced that it was cutting its dividend by 51%. The capital-boosting move comes after the insurer’s second consecutive quarterly earnings loss.
Apple
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PowerRating) CEO Steve Jobs did not attend this year’s shareholder meeting, underscoring criticism that the company had not provided sufficient disclosure about Jobs’ health.
General Motors
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PowerRating) reports quarterly earnings Thursday before the market opens. Analysts are expecting EPS of -7.40.
EPS of 17 cents is what analysts are expecting from MGM Mirage
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PowerRating) when it announces quarterly earnings Thursday morning.
Analysts are estimating that Sears Holding Corporation
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PowerRating) will report earnings per share of 2.68 Thursday before the bell.
Dell
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PowerRating) reports earnings Thursday after the market closes. Analysts are expecting EPS of 26 cents.
Dryships Inc.
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PowerRating) is expected to announce quarterly earnings per share of 0.66 when it reports Thursday after the bell.
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