Wednesday, August 20, 2008

7 Stocks you need to know for Thursday

H.J. Heinz (HNZ | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the market opens. Analysts are expecting EPS of $0.66.

On Wednesday, OfficeMax (OMX | Quote | Chart | News | PowerRating) lost its chief financial officer, who left for a position with Allstate Corporation (ALL | Quote | Chart | News | PowerRating).

Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) continued to move lower, with both stocks down more than 25% on the day.

eBay (EBAY | Quote | Chart | News | PowerRating) announced a dramatic cut in the fee it charges sellers at the "Buy it Now" fixed-price section of its website. The move brings the online auction website into closer competition with online retailer, Amazon.com (AMZN | Quote | Chart | News | PowerRating).

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