TradingMarkets 7 Stocks You Need to Know for Wednesday
Gold spiked higher on investors fears and desires to hedge their holdings after the run up in equities. Bursting through the technical resistance level of $1000.00/share, gold quickly fell back closing beneath the $1000 threshold on the day. Word of a 20 nation agreement to keep stimulus packages in place and interest rates low depressed the U.S. Dollar to yearly lows. In addition, U.S. consumer credit dropping to record lows failed to stymie stocks from rallying with the DJIA advancing 56.07, the tech heavy Nasdaq climbing 18.99 and the broad based S&P 500 adding 8.99.
Here are 7 stocks you need to know for Wednesday.
Well known book and financial title publisher, John Wiley & Sons
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PowerRating), is expecting to see fiscal first quarter 2010 EPS of 38 cents Wednesday before the trading session.
Clothing retailer, Talbots
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PowerRating), hopes its fiscal 2nd quarter 2010 loss does not exceed the expected negative 52 cents/share.
Hi Tech Pharmacal
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PowerRating) has its eyes set on a fiscal first quarter 2010 EPS of 18 cents. HITK will release earning prior to the opening bell on Wednesday.
Signet Group
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PowerRating) has analysts looking for 21 cents/share for its fiscal second quarter 2010 before the trading day.
Cadbury
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PowerRating) rejected Kraft‘s
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PowerRating) $16.7 billion takeover offer saying it undervalues the company.
Coca Cola
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PowerRating) lobbyists are vigorously fighting a potential President Obama’s proposed tax on sugary soft drinks.
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