TradingMarkets 7 Stocks You Need to Know for Thursday
Stress tests notwithstanding, traders and investors bid financial shares significantly higher on Wednesday, helping the Dow and S&P 500 gain more than 1%.
The Dow rallied by 101.63. The Nasdaq Composite ended the day up 4.98. And the S&P 500 gained 15.73.
Here are 7 Stocks You Need to Know for Thursday.
Cicso Systems
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PowerRating) reported quarterly earnings of 30 Wednesday after the close, beating analyst estimates by five cents. The stock had traded down into oversold territory above the 200-day moving average in advance of the earnings announcement.
American Express
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PowerRating) was added to the list of financial firms that have “passed” their stress tests and will not require additional capital. Bank of America
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PowerRating) surprised investors with leaked word that the company would require nearly $34 billion in additional capital.
Earnings announcements from gold mining companies will plentiful on Thursday. Gold Fields Ltd.
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PowerRating) is expected to report EPS of 21 cents, and Goldcorp Inc.
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PowerRating) is expected to announce per share earnings of 12 cents, among many other mining companies making profit announcements before and after the bell.
18 cents per share is what analysts are expecting to hear from Sara Lee
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PowerRating) when it reports quarterly earnings Thursday morning. Trading for less than $10 per share, the stock has been in overbought territory below the 200-day moving average for three consecutive days.
Among the companies reporting quarterly earnings after the bell on Thursday are California Pizza Kitchen
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PowerRating), which is expected to report EPS of 10 cents. CPKI was down more than 4% intraday on Wednesday and is increasingly oversold above its 200-day moving average.
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