Tuesday, July 22, 2008

7 Stocks You Need to Know for Wednesday

PepsiAmericas beat earnings estimates and raised guidance for the year today. Pepsico (PEP | Quote | Chart | News | PowerRating) reports earnings tomorrow morning, with analysts expecting EPS of $1.02. The stock was up more than 2% in advance of Wednesday's announcement.

Promises to cut $2 billion by the end of 2009 and a major dividend cut sent shares of Wachovia (WB | Quote | Chart | News | PowerRating) soaring on Tuesday, despite the company's abysmal earnings report. Shares of Wachovia ended the day higher by more than 27%.

Tomorrow morning before the market opens, Boeing (BA | Quote | Chart | News | PowerRating) is expected to report earnings per share of $1.22 for the quarter. The stock was up a little more than 1% on the day.

JetBlue Airways Corporation (JBLU | Quote | Chart | News | PowerRating) and US Airways Group Inc. (LCC | Quote | Chart | News | PowerRating) both surprised analysts on Tuesday by beating estimates. JetBlue was up more than 15%. US Airways climbed by more than 58%.

Analyts are expecting McDonalds (MCD | Quote | Chart | News | PowerRating) to report earnings per share of $0.86 Wednesday morning before the bell. The stock was up slightly on Tuesday.

AT&T (T | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the open. Analysts are expecting EPS of $0.76. T was virtually unchanged when the markets closed on Tuesday.

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