TradingMarkets 7 Stocks You Need to Know for Thursday
Increasingly oversold conditions in the broader markets helped induce buying on Wednesday, with financial stocks in especially high demand. The earnings parade continues on Thursday with quarterly reports from Exxon Mobil and Motorola due before the opening bell.
The Dow ended the day up 168.78. The Nasdaq Composite closed higher by 38.13. And the S&P 500 gained 18.48.
Here are 7 Stocks You Need to Know for Thursday.
Among the companies reporting quarterly earnings after the close on Wednesday were Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating) and Visa
(
V |
Quote |
Chart |
News |
PowerRating). Starbucks reported per share earnings of 16 cents, topping analyst estimates by a penny. EPS of 73 cents from Visa beating analyst estimates by eight cents.
Learn quantified strategies for trading exchange-traded funds in Larry Connors’ latest book, High Probability ETF Trading, now available for pre-order.
An upgrade of the group rating for the banking sector by a major global investment bank helped spur buying in shares of both Citigroup
(
C |
Quote |
Chart |
News |
PowerRating) and Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating), both of which had become increasingly oversold over the past few days. Citigroup added nearly 8% on the day. Bank of America rallied more than 6%.
Exxon Mobil
(
XOM |
Quote |
Chart |
News |
PowerRating) is one of a large number of companies announcing quarterly earnings before the market opens on Thursday. Analysts are expecting EPS of 0.96.
Kellogg Company
(
K |
Quote |
Chart |
News |
PowerRating) is expected to announce per share earnings of 78 cents before the market opens Thursday morning. Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating), also reporting before the bell on Thursday, is expected to report an EPS loss of 11 cents.
Avoid single stock volatility and learn to trade ETFs. Click here to order High Probability ETF Trading and get quantified trading strategies for one of the fastest growing financial vehicles.