TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks finished modestly higher on the day, with both the S&P 500 and Nasdaq Composite retracing all of Monday’s losses.
The S&P 500 was up 10.77. The Nasdaq ended the day up 19.19. And the Dow closed higher by 51.29.
Here are 7 stocks you need to know for Wednesday:
Cisco
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PowerRating) reported earnings of $0.38 after the close on Tuesday, beating estimates by two cents.
Sales were up at Qwest
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PowerRating), but company still reported lower than expected profits with an EPS of $0.09.
With quarterly EPS of $0.58, Walt Disney
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PowerRating) handily beat Wall Street estimates.
Continued weakness in the homebuilding sector led to lower profits for Vulcan Materials
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PowerRating), which was down 3.7% after Monday’s earnings miss.
Yahoo
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PowerRating) closed higher today by more than 5% on speculation of resumed Microsoft negotiations or possible deal with Google.
Sara Lee
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PowerRating) reported EPS of $0.22, narrowly missing analyst estimates by two cents. Shares were down sharply on the day.
Legg Mason
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PowerRating) reported a larger than expected quarterly loss of $1.81. It was the company’s first quarterly loss since going public.
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