7 Stocks you need to know for Thursday

Northwest Airlines (NWA | Quote | Chart | News | PowerRating) announced on Wednesday that they would eliminate up to 2,500 jobs and begin charging passengers for all checked luggage. The stock was down by more than 15%.

Analysts at UBS and Merrill Lynch suspect that the slowing economy is likely to impact the earnings of technology companies such as Cisco (CSCO | Quote | Chart | News | PowerRating) and Intel (INTC | Quote | Chart | News | PowerRating) respectively. Both stocks closed lower by more than 5% on Wednesday.

Boeing (BA | Quote | Chart | News | PowerRating) will get another shot at the $35 billion tanker deal with the Air Force, according to the Department of Defense. Boeing closed down slightly, but off its intraday highs.

Texas Industries (TXI | Quote | Chart | News | PowerRating) reports earnings Thursday morning before the bell, with analysts expecting EPS of $0.82. The stock was down more than 4% on
Wednesday.

Fannie Mae (FNM | Quote | Chart | News | PowerRating) was forced by to pay record yield spreads by buyers of its 2-year notes who were concerned about the mortgage giant's capacity to
survive the crisis in housing market. Fannie Mae closed lower by more than 13%.

U.S. Steel (X | Quote | Chart | News | PowerRating) led steel stocks higher on Wednesday. Steel stocks as a group moved higher after a UBS analyst said the sector was "undervalued." U.S. Steel closed up by more than 5%, but significantly off its intraday highs.