Wednesday, February 27, 2008

7 Stocks you need to know for Thursday

The EU fined Microsoft (MSFT | news | PowerRating | PR Charts ) $1.35 billion on Wednesday for antitrust violations.

Fannie Mae (FNM | news | PowerRating | PR Charts ) reported a $3.6 billion fourth quarter loss.

After the close, Limited Brands (LTD | news | PowerRating | PR Charts ) beat estimates by $0.03, reporting Q4 2007 earnings of $0.94.

Tenaris S.A. (TS | news | PowerRating | PR Charts ) beat estimates by $0.21, reporting $0.93 for the fourth quarter.

Hot on the heels of Fannie Mae's huge fourth quarter loss comes Freddie Mac (FRE | news | PowerRating | PR Charts ). FRE is expected to report a Q4 2007 loss of -$2.34 before the market open.

Also before the market open, Sprint Nextel (S | news | PowerRating | PR Charts ) is expected to report fourth quarter earnings of $0.18.

Citigroup (C | news | PowerRating | PR Charts ) named Brian Leach as chief risk officer. Mr. Leach co-founded the hedge fund Old Lane Partners with Vikram Pandit, Citi's new CEO.

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