TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks sold off aggressively following Wednesday’s rally, retracing all of the previous day’s gains as consumer confidence hit a 14-year low.
The Dow ended the day down 236.77. The Nasdaq Composite closed lower by 59.55. And the S&P 500 lost 29.01.
Here are 7 Stocks You Need to Know for Thursday
Northwest Airlines
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PowerRating) announced on Wednesday that they would eliminate up to 2,500 jobs and begin charging passengers for all checked luggage. The stock was down by more than 15%.
Analysts at UBS and Merrill Lynch suspect that the slowing economy is likely to impact the earnings of technology companies such as Cisco
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PowerRating) and Intel
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PowerRating) respectively. Both stocks closed lower by more than 5% on Wednesday.
Boeing
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PowerRating) will get another shot at the $35 billion tanker deal with the Air Force, according to the Department of Defense. Boeing closed down slightly, but off its intraday highs.
Texas Industries
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PowerRating) reports earnings Thursday morning before the bell, with analysts expecting EPS of $0.82. The stock was down more than 4% on
Wednesday.
Fannie Mae
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PowerRating) was forced by to pay record yield spreads by buyers of its 2-year notes who were concerned about the mortgage giant’s capacity to
survive the crisis in housing market. Fannie Mae closed lower by more than 13%.
U.S. Steel
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X |
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PowerRating) led steel stocks higher on Wednesday. Steel stocks as a group moved higher after a UBS analyst said the sector was "undervalued." U.S. Steel closed up by more than 5%, but significantly off its intraday highs.
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