TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks fought off a midday slump to rally into the close on Wednesday. Both financial and energy-related stocks led the markets higher.
The Dow ended the day up 183.16. The Nasdaq Composite closed higher by 10.10. And the S&P 500 finished ahead 21.06.
Here are 7 Stocks You Need to Know for Thursday.
Greater domestic demand and higher global sales were credited by Cummins Inc.
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PowerRating), which beat analyst’s earnings estimates by $0.26.
In an effort to cut costs, General Motors
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PowerRating) announced its plan to lay off 15% of its salaried workforce, or approximately 5,000 jobs, by November.
Additional revenues from a recent acquisition helped Owens Corning
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PowerRating) beat analyst’s earnings estimates today. The stock was up more than 8%.
Analysts are expecting earnings per share of $2.02 when Mastercard
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PowerRating) reports earnings before the market opens on Thursday.
Exxon Mobil
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PowerRating) is expected to report earnings per share of $2.52 tomorrow morning before the open.
Shares of Garmin
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PowerRating) suffered their worst session decline in years as the company missed estimates and lowered its forecast for 2008.
Kellogg
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PowerRating) reports earnings tomorrow morning before the bell. Analysts are expecting EPS of $0.81.
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