TradingMarkets 7 Stocks You Need to Know for Thursday: DELL, ANF, TGT, WYNN, SLE, BIDU, QCOM
Stocks were little changed the day before General Motors much talked about IPO. Wednesday’s biggest gainers were a mixture of telecommunications such as ^PCS^ and Qualcomm
(below) and retailers like ^KSS^.
Speaking of retailers, a number of companies from that sector are among those companies scheduled to report quarterly earnings on Thursday. These retailers include ^ROST^, ^GME^ and ^SPLS^.
Here are 7 Stocks You Need to Know for Thursday.
Also scheduled to report earnings on Thursday is ^DELL^. Shares of DELL have retreated back below their 200-day moving average after rallying above that level one month
Up for a second day in a row and gaining 3% on Wednesday were shares of ^ANF^ (below).
Note that ANF’s two-day rally comes in the wake of a three-day pullback in the stock.
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A four-day pullback in ^TGT^ led to a big rally of more than 3% on Wednesday.
Down three out of the past four trading days ahead of trading on Thursday were shares of ^WYNN^ (below).
Pulling back by more than 2% on Wednesday, shares of WYNN are currently trading at their most oversold levels in a month.
Closing higher by well over 2% on Wednesday after a three day sell-off, shares of ^SLE^ finished the session back above its short-term, five-day moving average.
Up more than 3% after pulling back for three days in a row were shares of ^BIDU^ (below).
The stock had pulled back to its most oversold levels since August earlier in the week before Wednesday’s sharp bounce higher.
A pullback of three days helped create kind of oversold conditions that lured buyers into ^QCOM^ on Tuesday. The stock was one of the biggest gainers of the Nasdaq 100,
closing higher by more than 3%.
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David Penn is Editor-in-Chief at TradingMarkets.com.