TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks roared into the close on Tuesday, with financial stocks – especially banks – leading the market higher.
The Dow closed up by 135.16. The Nasdaq Composite ended Tuesday higher by 24.43. And the S&P 500 added 17.00.
Here are 7 Stocks You Need to Know for Wednesday
PepsiAmericas beat earnings estimates and raised guidance for the year today. Pepsico
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PowerRating) reports earnings tomorrow morning, with analysts expecting EPS of $1.02. The stock was up more than 2% in advance of Wednesday’s announcement.
Promises to cut $2 billion by the end of 2009 and a major dividend cut sent shares of Wachovia
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PowerRating) soaring on Tuesday, despite the company’s abysmal earnings report. Shares of Wachovia ended the day higher by more than 27%.
Tomorrow morning before the market opens, Boeing
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PowerRating) is expected to report earnings per share of $1.22 for the quarter. The stock was up a little more than 1% on the day.
JetBlue Airways Corporation
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PowerRating) and US Airways Group Inc.
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PowerRating) both surprised analysts on Tuesday by beating estimates. JetBlue was up more than 15%. US Airways climbed by more than 58%.
Analyts are expecting McDonalds
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PowerRating) to report earnings per share of $0.86 Wednesday morning before the bell. The stock was up slightly on Tuesday.
AT&T
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PowerRating) reports earnings tomorrow morning before the open. Analysts are expecting EPS of $0.76. T was virtually unchanged when the markets closed on Tuesday.
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