TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks were hit hard today, falling due to earning jitters and declining oil prices. Over 10% of stocks in the S& P 500 either cut or suspended dividends this quarter further adding to the negative sentiment. The DJIA dropped 161.27 to 8163.60, the Nasdaq fell 41.23 to 1746.17 and the S& P 500 gave back 17.69 to 881.03.
Health insurers bucked the downward trend today with Aetna
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PowerRating) and Cigna
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PowerRating) climbing higher on relief that Obama may delay implementing his government health plan.
Recession thriving, Family Dollar Stores
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PowerRating), reveals its third quarter earnings before the bell on Wednesday with 59 cents/share the consensus estimate.
Soft drink king pin, Pepsi Bottling Group
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PowerRating), expects 73 cents/share at its earnings release pre-open.
The search engine juggernaut, Google
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PowerRating), dropped below $400.00/share today.
American International Group
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PowerRating) lost a $4.3 billion dollar case against a private company run by its former CEO Hank Greenberg alleged to have looted AIG for billions in stock. In addition, the company executed a massive 1 for 20 reverse stock split sending shares plummeting.
Alcoa
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PowerRating) will announce its second quarter earnings after the bell on Tuesday with an expected loss of 36 cents/share.
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