TradingMarkets 7 Stocks You Need To Know For Thursday
Stocks fell Wednesday on
continuing inflation concerns and disappointing revenues from Apple Computer.
Traders were also concerned about interest rates,
with the 10-year note yielding 4.45%.
Apple
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beat by a penny, ex-items, but revenues were light.
iPod sales almost tripled to 6.45 units. The company
announced a new video iPod as well as a new version of the iMac.
Now, here are a few stocks to watch on Thursday:
Lam Research
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was light on revenues
Apple
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bounced at its 50-day MA. Look at that volume.
Tribune
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is expected to report before the bell on Thursday; look for 0.48.
Winnebago
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is also due to report before the bell. The estimate is 0.42.
Polaris
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is expected to report 1.11 before the open.
Fairchild Semi
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The Semiconductor HOLDRs
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just above their 200-day MA. That is the first up-day in eight.
Bonus stock: If the group moves, so will
Intel
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Brice Wightman
P.S. If it appears that I am bottom picking here
on the SMHs and Intel, the odds of a bounce increase as the number of down days
increase. Just read Larry Connors’ How Markets Really Work.