TradingMarkets 7 Stocks You Need to Know for Wednesday
PepsiCo pulled off a corporate coup de tat purchasing both the Pepsi Bottling Co and Pepsi America for a cool $7.8 billion dollars. This acquisition gives PepsiCo control over 80% of its North American beverage market. The National Association of Realtors had good news that pending homes sales have increased for the fifth month in a row spurring the stock rally onto another day of gains. Stocks traded mixed for most of the day, with the lagging DJIA rocketing positive in the final minutes. The DJIA ended up 33.63, the Nasdaq added 2.70 and the S&P 500 advanced 3.02.
Here are 7 stocks you need to know for Wednesday.
Owens Corning
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PowerRating) is forecasting a second quarter EPS of 11 cents on Wednesday before the bell.
GPS maker, Garmin
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PowerRating), expects to see an EPS of 51 cents Wednesday before the open.
One time Michael Jackson financier, Fortress Investment Group
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PowerRating), has investors looking for second quarter earnings of 7 cents prior to trading on Wednesday.
A fat loss of $2.57/share is the expected second quarter number for quasi government mortgage giant, Freddie Mac
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PowerRating).
Dean Foods Co
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PowerRating) is forecast to reveal an EPS of 42 cents Wednesday before the bell for the second quarter.
Fashion work horse, Polo Ralph Lauren
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PowerRating), finished its fiscal 1st quarter of 2010 expecting an EPS of 49 cents.
Insurance giant Allstate
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PowerRating) reports Wednesday after the bell for the second quarter with a forecast EPS of $1.12.
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