TradingMarkets 7 Stocks You Need to Know for Wednesday
Both financial and technology stocks rallied late to help the markets close off the lows of the day.
The Dow ended the day down 25.41. The Nasdaq Composite finished ahead by 7.67. And the S&P 500 gained 1.53.
Here are 7 Stocks You Need to Know for Wednesday.
The Wall Street Journal reported that Yahoo!
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PowerRating) will choose Carol Bartz to replace Jerry Yang as CEO. Bartz was formerly CEO of Autodesk.
Xilinx
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PowerRating) reports quarterly earnings Wednesday after the close. Analysts are expecting earnings per share of 32 cents.
Options trader Jon Najarian pointed to sizable put buying in shares of Citigroup
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PowerRating) during an appearance on MSNBC’s Fast Money program after the bell on Monday. Read our Big Saturday Interview with options trader, Fast Money regular and brother of Jon Najarian, Pete Najarian at TradingMarkets.com!
Traders are similarly bearish toward shares of General Electric
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PowerRating). The number of shares sold short in the stock soared over the month of December. Also Barclay’s suggested on Tuesday that GE’s quarterly earnings could come in at the low end of its forecast range.
Shares of ZymoGenetics
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PowerRating) soared on Tuesday on the news that Bristol-Myers Squibb
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PowerRating) would pay $1 billion to the Seattle-based biotech company if the hepatitis C drug they are co-developing meets certain sales and regulatory goals.
Alcoa
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PowerRating) continues to sit easily in the minds of traders, investors and analysts who have grown suspicious of the aluminum giant’s ability to support its dividend.
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