TradingMarkets 7 Stocks You Need to Know for Thursday
The sell-off in stocks continued on Wednesday, sending many stocks back toward or even below their 200-day moving averages. The Nasdaq pulled back by more than 3%.
The Dow lost 184.22. The Nasdaq Composite fell 51.73. And the S&P 500 ended the day down 24.43.
Here are 7 Stocks You Need to Know for Thursday.
Scheduled to report quarterly earnings before the market opens on Thursday, Sony
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Two retailers are also reporting earnings before the bell Thursday morning. Wal-Mart
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PowerRating) is expected to report per share earnings of 77 cents. 17 cents is per share is what analysts expect to hear from Urban Outfitters
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PowerRating). Both stocks are increasingly oversold below their respective 200-day moving averages.
Pharmaceutical stocks were among the few to move higher on Wednesday. Closing up for the the fifth consecutive trading day in a row below the 200-day moving average were shares of Pfizer
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PowerRating).
Among the companies reporting earnings after the close on Thursday, Blockbuster
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PowerRating) is expected to announce per share earnings of 0.14, while Kohls
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PowerRating) is expected to report EPS of 0.44. 0.25 is what analysts are expecting to hear from retailer Nordstrom
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PowerRating). While Kohls was off by more than 4% on the day, both Blockbuster and Nordstrom lost more than 7%.
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