TradingMarkets 7 Stocks You Need to Know for Wednesday
Overbought conditions across the board finally caught up with stocks as traders and investors took profits on Tuesday. The S&P 500 lost more than 2%.
The Dow lost 137.63. The Nasdaq Composite fell 27.59. And the S&P 500 closed lower by 17.23.
Here are 7 Stocks You Need to Know for Wednesday.
Intel Corporation
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PowerRating) announced EPS of 11 cents Tuesday after the bell, far beyond analyst expectations of three cents per share.
Abbott Laboratories
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PowerRating) reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting EPS of 70 cents.
Also reporting earnings before the bell on Wednesday is Charles Schwab
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PowerRating). EPS of 16 cents is what analysts expect to hear from the brokerage.
General Motors
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PowerRating) announced a recall of 1.5 million cars due to concerns about an engine part that could possible cause a fire.
The weak retail sales report on Tuesday seemed to hit Macy’s
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PowerRating) hardest. The stock was down more than 6% one day after closing above its 200-day moving average for the first time since the summer of 2007.
After the impressive quarterly earnings performance from Goldman Sachs, investors, traders and analysts have begun to wonder whether or not Citigroup
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PowerRating) and JP Morgan Chase
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PowerRating) will also show surprisingly good profitability when they announce earnings later this week. JP Morgan Chase reports earnings on Thursday. Citigroup reports earnings on Friday.
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