TradingMarkets 7 Stocks You Need to Know for Thursday
Stocks finished a volatile day higher on Wednesday, building on the gains from the previous session.
The Dow ended the day up 172.60. The Nasdaq Composite closed head by 42.58. And the S&P 500 added 21.93.
Here are 7 Stocks You Need to Know for Thursday.
A ComScore report saying that online sales on Cyber Monday were second only to those from last December helped boost shares of Amazon.com
(
AMZN |
Quote |
Chart |
News |
PowerRating) on Wednesday.
Among the weakest stocks in the market on Wednesday were metal and mining stocks. Freeport McMoran Copper & Gold
(
FCX |
Quote |
Chart |
News |
PowerRating) fell by more than 20% as the company reported that it was suspending its dividend and considering writedowns if metal prices remained soft.
Also struggling on Wednesday were oil service stocks such as Schlumberger
(
SLB |
Quote |
Chart |
News |
PowerRating), which warned of lower profits for fiscal 2008.
Speculation grew late on Wednesday that Toshiba would make a takeover bid for SanDisk
(
SNDK |
Quote |
Chart |
News |
PowerRating). SanDisk has been in the news in recent months as a potential acquiree, with Samsung the most recent failed suitor.
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating), Ford Motor Company
(
F |
Quote |
Chart |
News |
PowerRating) and Chrysler won major concessions from the United Auto Workers union one day after announcing restructuring plans that combined ask for $36 billion in assistance.
Toll Brothers
(
TOL |
Quote |
Chart |
News |
PowerRating) reports quarterly earnings Thursday morning before the market opens. Analysts are expecting an EPS loss of 47 cents.
Do you think Toll Brothers will be Up or Down on Friday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 each month by correctly guessing the direction of a stock!