TradingMarkets 7 Stocks You Need to Know for Wednesday: EBAY, ETFC, HOG, GS, BAC, NFLX, MA
A slew of earnings announcements are scheduled for Wednesday from industrials like ^BA^ to health care in the form of ^ABT^ to financials like ^BLK^, ^WFC^ and Morgan Stanley ^MS^.
^YHOO^ reported earnings that were nearly double expectations in its quarterly report Tuesday after the bell. A growing amount of speculation in the financial media about potential takeovers has surrounded the stock for the past several days.
Here are 7 Stocks You Need to Know for Wednesday.
Announcing quarterly earnings after the bell on Wednesday is ^EBAY^ (below).
Shares of eBay pulled back by more than 1% on Tuesday after closing higher for five consecutive trading days. The stock has been trading above its 200-day moving average since the end of August.
Also scheduled to make its quarterly earnings announcement on Wednesday after the close is ^ETFC^. The stock was down more than 2% in Tuesday’s trading and remains below its 200-day moving average.
Pulling back by more than 6% on Tuesday were shares of ^HOG^ (below).
HOG was only recently trading at its highest levels since mid-May. The pullback on Tuesday puts the stock at its most oversold level since the second half of September.
While selling was widespread, especially in technology, financial companies like ^GS^ remained in the green. For its part, GS was up more than 2% on Tuesday, closing for a second consecutive session above its 200-day moving average.
One financial that was not enjoying significant buying attention was ^BAC^. Trading below its 200-day, the stock closed lower by more than 4% and is down for three out of the past four trading days.
^NFLX^ (below) is scheduled to make its quarterly earnings announcement after the bell on Wednesday.
The stock has closed lower for four out of the past five trading days, and is down two and a row ahead of trading on Wednesday.
Shares of ^MA^ closed higher for a fifth straight session and are increasingly overbought since crossing above the 200-day moving average last week.
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David Penn is Editor-in-Chief at TradingMarkets.com.