TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks closed off their intraday highs on Wednesday after the Federal Reserve announced a widely-expected quarter point rate cut.
The Dow ended down -11.81. The Nasdaq was also lower, losing -13.30 on the day. The S&P 500 was off by -5.35.
Here are 7 Stocks You Need to Know for Thursday:
Falling by 12% today, Garmin
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PowerRating) reported its lowest profit in years, blaming increased competition for its popular automobile-navigation systems.
Exxon-Mobil
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PowerRating) is scheduled to report earnings on Thursday before the market opens, with analysts expecting EPS of $2.13.
Buffalo Wild Wings
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PowerRating) soared some 19% in trading today after announcing the company would meet its profit growth forecast for the year.
Higher fuel and raw materials costs were blamed by Colgate-Palmolive
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PowerRating) for the stock’s 5% drop on Wednesday.
A smaller than expected loss helped shares of General Motors
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PowerRating) rally by more than 9% in Wednesday’s trading.
Eastman Kodak
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PowerRating) reports earnings Thursday morning before the bell. Analysts are expecting a loss of $0.03 per share.
Starbucks
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PowerRating) reported second quarter earnings of $0.15 per share on Wednesday after the close of trading. The company says restructuring costs negatively impacted profits in Q2.
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