TradingMarkets 7 Stocks You Need to Know for Wednesday
Sellers aggressively took stocks lower on Tuesday, setting new year-to-date lows and encouraging speculation about a test of the bear market lows of November 2008.
The Dow fell 297.81. The Nasdaq Composite closed lower by 63.70. And the S&P 500 ended the day down 37.67.
Here are 7 Stocks You Need to Know for Wednesday.
Deere
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PowerRating) is expected to announce earnings per share of 63 cents when it reports earnings Wednesday before the open.
EPS of 1.32 is what analysts are expecting to hear from Baidu.com
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PowerRating) when it reports quarterly earnings Wednesday after the market closes.
General Motors
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PowerRating) and Chrysler presented their mandated restructuring plans to Congress after the market closed on Tuesday. The plans included job and wage cuts, consolidation or elimination of product lines and a number of other cost-cutting measures.
The big earnings story on Wednesday will undoubtedly be the report form Hewlett-Packard
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PowerRating) which is scheduled for Wednesday after the closing bell. Analysts are expecting earnings per share of 93 cents.
Also reporting quarterly earnings after the bell on Wednesday is Whole Foods Market
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PowerRating). Whole Foods is expected to announce EPS of 15 cents.
Stabilizing sales of heart defibrillators were among the factors Medtronic Inc.
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PowerRating) CEO William Hawkins credited for the company’s strong earnings performance, which beat analyst estimates by one cent on Tuesday.
Reporting quarterly earnings Wednesday before the market opens, Comcast Corporation
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PowerRating) is expected to announce EPS of 22 cents.
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