TradingMarkets 7 Stocks You Need to Know for Wednesday
Overbought conditions continue to be unwound in the markets as traders sold stocks again on Tuesday.
The Dow ended the day down 186.29. The Nasdaq Composite lost 45.10. And the S&P 500 fell 19.93.
Here are 7 Stocks You Need to Know for Wednesday.
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) reported an earnings per share loss of 59 cents after the markets closed on Tuesday. The loss was worse than most analysts had expected.
Sun Microsystems
(
JAVA |
Quote |
Chart |
News |
PowerRating) CEO Jonathan Schwartz is under increasing pressure from shareholders after IBM
(
IBM |
Quote |
Chart |
News |
PowerRating) walked away from a proposed acquisition of the company.
Family Dollar Stores
(
FDO |
Quote |
Chart |
News |
PowerRating) reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting EPS of 60 cents. Higher on Tuesday was competitor, Dollar Tree Inc.
(
DLTR |
Quote |
Chart |
News |
PowerRating), which was up by more than 3%.
On a day when most stocks were selling-off, health care stocks such as Humana
(
HUM |
Quote |
Chart |
News |
PowerRating), up more than 5%, and UnitedHealth Group
(
UNH |
Quote |
Chart |
News |
PowerRating), ahead by more than 6%, advanced on the day. Both stocks had been in trading ranges below the 200-day moving average before breaking out to the upside and are now technically overbought.
According to a recent report, eight out of ten securities traded are exchange-traded funds. Want to learn how to trade them? Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading.