TradingMarkets 7 Stocks You Need To Know For Thursday

November 16, 2005
Brice Wightman

Stocks were mixed Wednesday, with the Dow
closing in the red. The Dow was dragged
down by General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)–which fell to its
lowest level in 18 years as the company faces foreign competition, high costs
and unhappy shareholders–and American Express
(
AXP |
Quote |
Chart |
News |
PowerRating) who said that
analysts’ estimates of 25% EPS growth in Q4 are “too high.”

“Basically we’ve had a straight shot up since the end of October, so it’s no
real surprise to see the market consolidating here,” said money manager Rob
Hanna.

The core CPI was inline at +0.2%.Crude oil
inventories fell 2.2 million barrels, more than expected; gasoline inventories
fell 900,000 barrels; distillate inventories increased by 2.6 million barrels.

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Now, here are a few stocks to watch on
Thursday:

Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) beat by
0.03.

Intuit
(
INTU |
Quote |
Chart |
News |
PowerRating) beat by 0.04, guided
higher and announced a $500 million stock buyback.

Network Equipment
(
NTAP |
Quote |
Chart |
News |
PowerRating)
beat by 0.03 and guided Q3 revenues higher. The company now sees 25-28%
revenue growth.