TradingMarkets 7 Stocks You Need to Know for Wednesday
Earnings will put a number of key stocks under the spotlight on Wednesday, including a pair of stocks from the technology sector.
The Dow lost 332.13. The Nasdaq closed lower by 88.47. And the S&P 500 ended the day off 44.90.
Here are 7 Stocks You Need to Know for Wednesday.
IBM
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PowerRating) blew away analyst earnings Tuesday after the bell, beating EPS estimates by 25 cents for the quarter and forecasting better than expected earnings per share for 2009.
In the wake of new revelations about the health of CEO Steve Jobs, Apple
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PowerRating) reports quarterly earnings Wednesday after the market closes. Analysts are expecting EPS of 1.39.
Also reporting quarterly earnings Wednesday after the bell is eBay
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PowerRating), which is expected to announce earnings per share of 34 cents.
Two airlines are reporting quarterly earnings on Wednesday. Analysts are expecting Delta Air Lines
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PowerRating) to report an EPS loss of 19 cents. An earnings per share loss of 4.45 is what analysts are looking for from UAL Corp
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PowerRating).
Continued concerns over the health of the banking industry were exemplified in the aggressive selling that took Bank of America
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PowerRating) down by more than 19% intraday on Tuesday.
Abbott Labs
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PowerRating) announces quarterly earnings on Wednesday. Analysts are expecting earnings per share of 1.06.
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