7 Stocks you need to know for Wednesday

Falling crude oil prices continue to be a boon for airlines stocks with Delta Airlines (DAL | Quote | Chart | News | PowerRating) up more than 23% and Continental Airlines (CAL | Quote | Chart | News | PowerRating) gaining nearly 13%.

Morgan Stanley (MS | Quote | Chart | News | PowerRating) reported quarterly earnings after the market closed on Tuesday, beating analyst's estimates by a wide mark.of more than 50 cents.

Warning of weakness in global demand, Dell Inc. (DELL | Quote | Chart | News | PowerRating) shares were lower by more than 11% on the day.

In a potential change of heart, the Federal Reserve has said that it is open to a loan package to help struggling insurer, American International Group (AIG | Quote | Chart | News | PowerRating).

Shares of Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) soared by more than 6% on Tuesday as traders applauded the company's cost cutting plans - including the elimination of thousands of jobs.

Third quarter profits for Goldman Sachs (GS | Quote | Chart | News | PowerRating) fell by more than 70% the company reported on Tuesday.