TradingMarkets 7 Stocks You Need to Know for Thursday
The major averages closed mixed on Wednesday, after the EU hit Microsoft with a big fine and Fannie Mae reported another huge loss. The Dow gained +9.36, the Nasdaq Composite +8.79, while the S&P 500 lost -1.27.
Here are 7 stocks to watch on Thursday…
The EU fined Microsoft
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PowerRating) $1.35 billion on Wednesday for antitrust violations.
Fannie Mae
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PowerRating) reported a $3.6 billion fourth quarter loss.
After the close, Limited Brands
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PowerRating) beat estimates by $0.03, reporting Q4 2007 earnings of $0.94.
Tenaris S.A.
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PowerRating) beat estimates by $0.21, reporting $0.93 for the fourth quarter.
Hot on the heels of Fannie Mae’s huge fourth quarter loss comes Freddie Mac
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PowerRating). FRE is expected to report a Q4 2007 loss of -$2.34 before the market open.
Also before the market open, Sprint Nextel
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Citigroup
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PowerRating) named Brian Leach as chief risk officer. Mr. Leach co-founded the hedge fund Old Lane Partners with Vikram Pandit, Citi’s new CEO.
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