7 Stocks you need to know for Wednesday

Pathmark Stores (PTMK | charts | news | PowerRating) announces earnings on Wednesday before the open; look for -$0.04 EPS.

Casey's General (CASY | charts | news | PowerRating) is expected to announce $0.26 EPS after the close on Wednesday afternoon.

Netflix (NFLX | charts | news | PowerRating) received a downgrade at Citigroup today, in light of rival Blockbuster's (BBI | charts | news | PowerRating) aggressive price cuts.

It was announced that Horizon Offshore (HOFF | charts | news | PowerRating) agreed to be bought by Cal Dive International (DVR | charts | news | PowerRating) for $628 million.

Lehman Brothers (LEH | charts | news | PowerRating) on Monday soundly beat earnings expectations, but the company warned that the housing slump and mortgage weakness continues to negatively affect its fixed-income capital markets business.