TradingMarkets 7 Stocks You Need to Know for Thursday: JBL, FCX, ORCL, RIMM, ADBE, BAC, CAH
The stock market rallied from a soft opening on Wednesday to close higher on the day. Some of the session’s top gainers include Jabil Circuit (more on JBL below), as well as ^DFS^ and ^SBUX^. DFS closed up more than 5%. SBUX ended the day just shy of a 5% gain.
Among the companies reporting quarterly earnings on Thursday are ^BBY^ and ^GME^, both before the market opens.
Here are 7 Stocks You Need to Know for Thursday.
Shares of ^JBL^ soared by more than 10% after pulling back for six out of the previous seven trading days.
The new high in Jabil Circuit was the stock’s highest close in more than two weeks.
Breaking out to new short term highs ahead of trading on Thursday is ^FCX^ The stock closed higher by nearly 5%..
Among the companies reporting quarterly earnings on Thursday are ^ORCL^ and ^RIMM^. Both companies report after the bell.
Shares of ^ADBE^ (below) pulled back by more than 3% in trading on Wednesday.
Despite finishing down on the day, buyers managed to close the stock significantly off its lows.
Down two days in a row and oversold above the 200-day moving average ahead of trading on Thursday were shares of ^BAC^ (below).
Thursday’s move lower brought the stock below its 200-day moving average intraday, but the stock managed to rally of its lows to close above the 200-day.
Sellers were making their presence known in health care stocks, sending shares of ^CAH^ down by more than 1% for its second consecutive lower close.
With 16 backtested strategies for trading bull markets, bear markets and sideways markets, Short Term Trading Strategies That Work by Larry Connors and Cesar Alvarez may be the most important trading book you read this year. Click here to order your copy of Short Term Trading Strategies That Work today.
David Penn is Editor in Chief of TradingMarkets.com