TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks began the holiday-shortened week on a positive footing, with the Nasdaq the biggest percentage gainer on the day. The Dow was up 68.72. The Nasdaq Composite finished Tuesday up 36.57. And the S&P 500 closed ahead by 9.42.
Here are 7 Stocks You Need to Know for Wednesday
An upgrade by Credit Suisse Group AG from “neutral” to “outperform” helped make Citizens’ Communications
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PowerRating) the big winner in the S&P 500. CZN was up more than 4% on Tuesday.
Vodafone Group
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PowerRating), one of the world’s largest wireless communications corporations announced the departure of its CEO, Arun Sarin, who will be replaced by his deputy, Vittorio Colao.
Darden Restaurants
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PowerRating) – operators of Red Lobster, Olive Garden and Bahama Breeze – found its shares upgraded today by Merrill Lynch, which suggested that the company was better positioned to weather a slowdown in consumer discretionary spending.
A Citigroup downgrade from “buy” to “hold” sent shares of General Motors
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PowerRating) lower on Tuesday in what is the seventh consecutive down day for shares of the automaker.
UBS AG
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PowerRating) lost more than 13% on Tuesday after disclosing that the bank likely had further losses to come due to exposure to the subprime mortgage debt.
Reporting earnings before the open on Wednesday, American Eagle Outfitters
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PowerRating) is expected to announce earnings per share of $0.19.
Dollar Tree
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PowerRating) is scheduled to announce earnings on Wednesday before the bell. Analysts are expecting EPS of $0.42.
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