TradingMarkets’ 11 Stocks You Need To Know About Today

IBM is reducing
its workforce by 10,000 to 13,000. Job cuts will be mostly in Europe. The
company will take a $1.3 to $1.7 billion restructuring charge.

Lazard begins trading today on the NYSE–symbol LAZ.. The company
priced its IPO at $25.

Wal-Mart’s
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WMT |
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April same store sales rose 1%, meeting forecast,
and also forecast a 2 percent to 4 percent increase in May
same-store sales. Sales at Sam’s Club  rose 4.9%.

Merck
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MRK |
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hosts a 9 AM ET teleconference.

Ann Taylor
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ANN |
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guided lower

Abercrombie & Fitch’s
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ANF |
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April sales rose +31%, much more than
expected.

Wet Seal’s
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WTSLA |
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April sales rose 35.7%, also much more than
expected.

JC Penney’s  
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JCP |
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April sales rose +3.6% but warned for Q2
and FY.

Cost Plus
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CPWM |
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said that Q1 earnings would miss, citing
weaker-than-expected traffic.

Blockbuster
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BBI |
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posted a quarterly loss.

Starbucks’
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SBUX |
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same store sales rose +9% in April.