Sellers were most aggressive among retail stocks at midweek, with shares of ^LOW^ and ^TGT^ both closing lower for the third session out of the past four. The selling has been strong enough in Target to send the stock below its 200-day moving average. On the other side of the market, buyers have pushed shares of ^HAL^ higher by another 2%, making it the stock’s fourth consecutive close in overbought territory.
Mastercard and Sony are among the companies reporting quarterly earnings before the bell on Thursday. Scheduled to report after the close are ^LVS^ and ^JDSU^.
Here are 7 Stocks You Need to Know for Thursday.
Shares of ^V^ (below) gained nearly 3% in closing higher for a third day in a row ahead of trading on Thursday – and ahead of its scheduled earnings announcment after the bell on Wednesday.
V reported quarterly earnings that beat analyst estimates.
^TWX^, which posted an earnings beat before the market opened on Wednesday, soared by more than 8% over the course of the trading day.
Also reporting quarterly earnings after the bell on Wednesday was ^YUM^ (below), which beat expectations by three cents.
After pulling back for four days in a row, YUM has closed higher for three straight sessions.
^ERTS^ soared by more than 15% on Wednesday, rallying to close above its 200-day moving average for only the second time since October 2010.
Reflecting the widespread selling in retail noted above, shares of ^COST^ (below) have closed lower for three out of the past four trading days and were down more than 2% on Wednesday.
Costco was last oversold during a three-day pullback at the beginning of January.
After rallying for two days, shares of ^BRCM^ gapped down on Wednesday’s open to close lower by more than 5%. The stock is not yet in oversold territory above the 200-day moving average.
After a one-day pause, shares of ^FSLR^ are up big again ahead of trading on Thursday. FSLR closed higher by more than 5%.
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David Penn is Editor in Chief of TradingMarkets.com