TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks sold off sharply on Wednesday, as commodity prices surged higher in everything from oil to corn to soybeans.
The Dow lost 205.99. The Nasdaq Composite ended the day lower by 54.93. And the S&P 500 closed down 22.95.
Here are 7 Stocks You Need to Know for Thursday.
A week after upgrading shares of Lehman Brothers Holdings
(
LEH |
Quote |
Chart |
News |
PowerRating) to a “buy”, Merrill Lynch is on the retreat, downgrading the stock back to “neutral.”
Takeover rumors helped boost shares of Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) last week. As those rumors vanish, so do the rumor-fueled gains as the stock sold off nearly 8% on Wednesday.
Centex
(
CTX |
Quote |
Chart |
News |
PowerRating) and KB Homes
(
KBH |
Quote |
Chart |
News |
PowerRating) were among four homebuilders fined as part of a settlement for violating federal clean water laws.
Susan Lyne, CEO of Martha Stewart Living Omnimedia
(
MSO |
Quote |
Chart |
News |
PowerRating) announced her resignation on Wednesday. Shares of the stock sold off by 6% on the day.
A note from a UBS analyst that Burlington Northern Santa Fe Corp.
(
BNI |
Quote |
Chart |
News |
PowerRating) was likely to be affected by rising fuel costs gave traders the opportunity to take profits on Wednesday, sending the stock lower by nearly 7%.
Staples
(
SPLS |
Quote |
Chart |
News |
PowerRating) has agreed to buy Corporate Express for $2.6 billion. The deal, in which Staples was a tireless suitor of the Dutch office supplies company, works out to $14.30 per share.
Do you think that Staples will be up or down on Friday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 by correctly guessing the direction of a stock!