7 Stocks you need to know for Thursday
Up more than 9% at the open, shares of Ikon Office Solutions Inc. (IKN | Quote | Chart | News | PowerRating) rallied on news that the office equipment distributor was being acquired by Ricoh of Japan for $1.62 billion.
Losses that were not as bad as feared stoked buying in shares of Borders Group Inc. (BGP | Quote | Chart | News | PowerRating), which were higher by more than 21% on Wednesday.
Del Monte (DLM | Quote | Chart | News | PowerRating) reports earnings Thursday morning before the bell. Analysts are expecting a loss of $0.04 per share.
Shares of Amylin Pharmaceuticals (AMLN | Quote | Chart | News | PowerRating) fell by more than 24% after reports that four more patients died while taking company's diabetes treatment.
Better than expected earnings guidance for 2008 sent shares of Talbots (TLB | Quote | Chart | News | PowerRating) soaring by more than 28% on Wednesday.
Oil stocks were among the day's big gainers, with stocks such as Tesoro Corporation (TSO | Quote | Chart | News | PowerRating) up more than 11%.
Dell Inc. (DELL | Quote | Chart | News | PowerRating) reports second quarter earnings Thursday after the market closes. Analysts are expecting EPS of $0.36.
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