TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks reversed yesterday’s selling with a strong move higher on “Turnaround Tuesday.” Financial stocks, as were the case last week, led the way.
The Dow closed up 266.48. The Nasdaq Composite ended the day higher by 55.40. And the S&P 500 finished ahead 28.83.
Here are 7 Stocks You Need to Know for Wednesday
Starbucks
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PowerRating) announced that it would be eliminating nearly 1,000 jobs and closing stores internationally in a bid to cut costs.
Reporting earnings tomorrow before the market opens, Garmin
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PowerRating) is expected to announce EPS of $1.00.
Falling prices for crude oil encouraged further selling in oil-related shares such as Apache
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PowerRating), which was lower on Tuesday.
Comcast
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PowerRating) is expected to report earnings per share of $0.23 when the company announces earnings tomorrow before the bell.
Increased pricing power helped U.S. Steel
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X |
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PowerRating) report earnings today that surpassed analyst expectations. The stock ended Tuesday up by more than 14%.
Analysts are expecting EPS of $0.24 when Allied Waste Industries
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AW |
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PowerRating) reports earnings tomorrow after the market closes.
Selling $8.5 billion in new shares and dumping billions in mortgage-related securities, Merrill Lynch
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MER |
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PowerRating) continued its efforts to shore up its capital base.
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