TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks ended a volatile trading session mildly lower on Tuesday in advance of the FOMC rate decision tomorrow. The Dow closed down 34.93. The Nasdaq Composite lost 17.46. And the S&P 500 ended the day lower by 3.71.
Here are 7 Stocks You Need to Know for Wednesday
Completing terms on a joint agreement and seniority rules, Northwest Airlines Corp.
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PowerRating) and Delta Air Lines Inc.
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PowerRating) have removed the final obstacles to a merger of the two companies. Shares of both air carriers were up by more than 7% and 5%, respectively.
Analysts are expecting earnings per share of $0.85 when Research in Motion
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PowerRating) announces earnings tomorrow after the market closes.
Dow Chemical
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PowerRating) announced that it would raise prices and cut back production in an effort to deal with the high cost of raw materials.
Nike
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PowerRating) reports earnings tomorrow after the close, with analysts expecting EPS of $0.96.
Blaming high fuel costs and the slowing economy, UPS
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PowerRating) lowered its profit forecast for the second quarter. The stock was down more than 6% on Tuesday.
Analysts are expecting agribusiness king Monsanto
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PowerRating) to report earnings of $1.34 Wednesday morning before the bell.
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