TradingMarkets 7 Stocks You Need To Know For Today

Here are 7 stocks for day
traders for Wednesday:

Hewlett Packard
(
HPQ |
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PowerRating)
beat by $0.04 and beat on revenues. Q1 profit rose 30%. The company
raised its stock buyback program by an additional $4 billion.  Shares of
HPQ are trading up pre-open. HPQ’s

Power Rating

is 5.

Baker Hughes
(
BHI |
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PowerRating)

beat by $ 0.02; revenues were higher than expected. BHI’s

Power Rating

is 8.

Applied Materials
(
AMAT |
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PowerRating)
beat by $0.02, ex-items; revenues also beat. Q1 profit fell 51%.
AMAT’s

Power Rating

is 5.

Biogen
(
BIIB |
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PowerRating)
beat by a penny and increased guidance. Earnings jumped 91%; Rituxin
sales beat estimates. BIIB’s

Power Rating

is 5.

Network Appliance
(
NTAP |
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News |
PowerRating)
reported $0.22, ex-items, beating by a penny. The stock is trading
higher pre-open.  NTAP’s

Power Rating

is 6.

J.C. Penney
(
JCP |
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News |
PowerRating)

reported $1.71, beating estimates by $0.08, announced a buyback of 750 million
shares and boosted div 44%. JCP’s

Power Rating

is 5.

XM Satellite Radio
(
XMSR |
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News |
PowerRating)
reported a wider than expected loss. Costs were much wider than
forecast. Separately, director Pierce Roberts resigned from the board, saying in
a letter to the chief exec that he sees a "significant chance of a crisis on
the horizon." XMSR’s

Power Rating

is 4.

Brice Wightman