TradingMarkets 7 Stocks You Need to Know for Wednesday
Stocks bolted higher following the FOMC announcement that the Fed would drop its target rate to a “target range” between 0% and 0.25%.
The Dow soared 359.61. The Nasdaq Composite gained 81.55. And the S&P 500 closed higher by 44.61.
Here are 7 Stocks You Need to Know for Wednesday.
Goldman Sachs
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PowerRating) reported its first quarterly loss since going public in 1999. Traders shrugged off the news, however, sending the stock higher even before the FOMC-induced rally later in the day.
Announcing their quarterly earnings after the market closed on Tuesday, Adobe Systems
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PowerRating) beat analyst estimates by two cents.
Baidu.com
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PowerRating), the most popular Chinese search engine was upgraded from “neutral” to “conviction buy” by Goldman Sachs on Tuesday.
Nike
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PowerRating) reports earnings Wednesday after the market closes. Analysts are expecting EPS of 78 cents.
Also reporting quarterly earnings on Wednesday are General Mills
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PowerRating) and ConAgra
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PowerRating). General Mills is expecting to report EPS of 1.23, while ConAgra is expected to announce earnings per share of 0.37.
Morgan Stanley
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PowerRating) reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting an earnings per share loss of 34 cents.
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