TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks closed mixed on Tuesday, after two economic reports showed further deterioration in the U.S. economy.
The Dow fell -16.04 , the Nasdaq Composite rose +14.30, and the S&P 500 +3.11.
Here are 7 stocks to watch…
Fortress Investment Group
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PowerRating) reported a loss for the fourth quarter, missing estimates by a wide margin.
Shares of Penn National Gaming
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PowerRating) rose after Fortress Investment Group said it still plans to buyout the casino operator.
Monsanto
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PowerRating) jumped 9.9% after the company raised its 2008 full-year earnings guidance.
MGIC Investment
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MTG |
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PowerRating) fell 7.9% after the mortgage insurer needed to raise $745 million via a stock and debt sale. The company reported a record loss in Q4.
The Wall Street Journal reported the $19 billion deal to take Clear Channel
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PowerRating) private was near collapse, due to the credit crisis.
Yahoo!
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PowerRating) rose after Citigroup issued a “buy” note in expectation of a higher bid from Microsoft.
After the close, Jabil Circuit
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PowerRating) beat estimates by $0.02 but lowered guidance for the third quarter.
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