TradingMarkets 7 Stocks You Need To Know For Thursday
Stocks rose Wednesday on good volume,
with the Nasdaq making a one-month high. Lower crude
oil prices helped as crude made a three-month low. Transports made an all-time
high.
Crude inventories rose 2.73 million barrels, more than the
2.5 million consensus; gasoline inventories rose 1.03 million barrels,
more than the expected 700K, and distillate inventories fell much less
than expected.
Software stocks were weak after two earnings reports. Symantec
(
SYMC |
Quote |
Chart |
News |
PowerRating) swung to a Q2 loss after
expenses related to its Veritas acquisition. The stock had several downgrades. Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) reported (0.02) vs the
(0.01) consensus, missing by a penny. The company also missed on revenues.
Now, here are a few stocks to watch on Thursday:
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) and OSI Pharmaceuticals
(
OSIP |
Quote |
Chart |
News |
PowerRating) said the FDA approved Tarceva in combination
with gemcitabine chemotherapy as a pancreatic cancer treatment. Genentech
General Electric
(
GE |
Quote |
Chart |
News |
PowerRating) CEO Jeff
Immelt bought 15,000 shares at $33.59.
Prudential
(
PRU |
Quote |
Chart |
News |
PowerRating) beat by 0.30, beat on revenues and
guided higher.
Clorox
(
CLX |
Quote |
Chart |
News |
PowerRating) is scheduled to report on Thursday;
look for 0.70.
Napster
(
NAPS |
Quote |
Chart |
News |
PowerRating) beat by 0.15.
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) missed by a penny but guided
higher. The stock traded higher after hours.
Brice Wightman