7 Stocks you need to know for Wednesday

Fortress Investment Group (FIG | news | PowerRating | PR Charts ) reported a loss for the fourth quarter, missing estimates by a wide margin.

Shares of Penn National Gaming (PENN | news | PowerRating | PR Charts ) rose after Fortress Investment Group said it still plans to buyout the casino operator.

Monsanto (MON | news | PowerRating | PR Charts ) jumped 9.9% after the company raised its 2008 full-year earnings guidance.

MGIC Investment (MTG | news | PowerRating | PR Charts ) fell 7.9% after the mortgage insurer needed to raise $745 million via a stock and debt sale. The company reported a record loss in Q4.

The Wall Street Journal reported the $19 billion deal to take Clear Channel (CCU | news | PowerRating | PR Charts ) private was near collapse, due to the credit crisis.

Yahoo! (YHOO | news | PowerRating | PR Charts ) rose after Citigroup issued a "buy" note in expectation of a higher bid from Microsoft.

After the close, Jabil Circuit (JBL | news | PowerRating | PR Charts ) beat estimates by $0.02 but lowered guidance for the third quarter.