TradingMarkets 7 stocks you need to know for Thursday
Stocks fell Wednesday after a
lowered forecast from Amazon and weak results from Boeing.
Amazon
(
AMZN |
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PowerRating) beat by 0.02 at 0.12,
ex-items, and issued less than upbeat guidance. Q3 earnings fell 44%. The stock
traded lower after hours. Note the divergence in on balance volume. The stock
was downgraded at Citigroup to sell.
Boeing
(
BA |
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PowerRating) reported 0.80, ex-items,
in-line; revenues were $12.63 billion, less than expected. The company’s backlog
increased significantly.
Crude oil inventories rose by 4.4 million
barrels, more than expected; gas inventories rose 200,000 barrels, less than
expected distillate inventories fell by 1.6 million barrels. Crude oil
closed almost 3% lower after Bush said he would work with Congress to
encourage the construction of new refineries.
10-year note yields closed near their 2005 high as traders anticipate the
new Fed appointee Bernanke will continue to increase rates. Yields on two year
notes traded to their highest levels since May 2001.
Half way through earnings season, 239 S&P
500 companies have reported, and 70% of those have beaten bottom-line estimates,
while 46% have beaten on the top line.
Now, here are a few stocks to watch on Thursday:
Baidu.com
(
BIDU |
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Chart |
News |
PowerRating) missed by 0.02. CNBC
reported that a Piper Jaffray analyst has a $45 price target on the stock.
Aetna
(
AET |
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Chart |
News |
PowerRating) is expected to report
before the open; look for $1.17. The stock is trading at the bottom of that
linear regression channel.
Dow Chemical {DOW|DOW] is also scheduled
to report early; look for 0.75.
ExxonMobil
(
XOM |
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Chart |
News |
PowerRating) reports before the
bell; the estimate is $1.38. Keep in mind Conoco reported some pretty good
profits on Wednesday.
Phelps Dodge
(
PD |
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Chart |
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PowerRating) is expected to report
$3.98 early Thursday.
Martha Stewart OmniLiving
(
MSO |
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PowerRating) is
expected to report (0.30). The stock showed some signs of life on Wednesday.
Express Scripts
(
ESRX |
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Chart |
News |
PowerRating) beat by 0.06
and guided higher.
Brice Wightman