TradingMarkets 7 Stocks You Need to Know for Wednesday
Durable Good Orders and New Home Sales await stock investors midweek in the midst of a heated bull advance. Multiple important earnings are also being released into the optimistic atmosphere. The health care reform bears had their teeth kicked in for the second day in a row as stocks rallied hard. To the total dismay of his critics, Obama signed his health care reform bill into law. Strong earnings from several sectors combined with increase demand in the computer chip arena powered shares sharply higher on the day. Word from the Chicago Fed President, Charles Evans, from a Shanghai speech served to further fuel the powerful rally when he clearly stated the U.S. Central Bank will keep rates at “accommodative” levels for at least 6 months. The DJIA led higher by Caterpillar and IBM surged 102.94, the tech heavy Nasdaq added 19.84 and the broad based S&P 500 climbed 8.36.
Here are 7 stocks you need to know for Wednesday.
^DLIA^ may be suffering from the employment situation with an expected loss of 6 cents/share before the open.
An EPS of 93 cents awaits investors in ^GIS^ prior to the opening bell.
Russian oil concern, Lukoil Co ADR ^LUKOY^, reports before the open with a forecast EPS unknown at this time.
Internet boom darling, ^RHT^, has a consensus estimated EPS of 16 cents after the close.
Printer maker, ^LXK^ is rumored to be a takeover target.
^AIG^ and GMAC Inc ^GMAC^ are 2 of 4 firms whose executive pay was just slashed by the Obama Administration.