TradingMarkets 7 Stocks You Need to Know for Thursday
A choppy morning gave way to heavy afternoon selling as investors weighed the implications of the Fed’s action and statement. Commodities plunged, at the prospect a slower economic growth, with gold and oil experiencing large declines.
The Dow fell -293.00 , the Nasdaq Composite -58.30, and the S&P 500 -32.32.
Here are 7 stocks to watch…
Morgan Stanley
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PowerRating) reported a 42% decline in first quarter profit, but beat estimates by $0.42. MS shares rose 1.4%.
Shares of Adobe Systems
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PowerRating) jumped 9% after reporting earnings of $0.48, beating estimates by $0.03.
On its market debut, shares of Visa
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PowerRating) surged 28.4% on the NYSE. Visa’s IPO was the largest in U.S. history.
Merrill Lynch
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PowerRating) filed a lawsuit against XL Capital Assurance in an attempt to force the bond insurer to honor $3.1 billion of guarantees on CDOs.
After the close, Nike
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PowerRating) reported third quarter earnings of $0.92, beating estimates by $0.11.
Before the market open, Carnival
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PowerRating) is expected to report earnings of $0.29 per share.
Also before the open, FedEx
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PowerRating) is scheduled to report, with analysts looking for $1.22.
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