7 Stocks you need to know for Thursday

Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) was awarded nearly $630 million in interest in its patent lawsuit against Boston Scientific (BSX | Quote | Chart | News | PowerRating) involving arterial stints.

Plummeting auto sales sent shares of Ford (F | Quote | Chart | News | PowerRating) lower by more than 12% on Wednesday. Daimler AG (DAI | Quote | Chart | News | PowerRating) admitted that sales of luxury cars would remain under pressure. DAI lost more than 8% on the day.

Despite a $3 billion investment from Warren Buffett's Berkshire Hathaway, General Electric (GE | Quote | Chart | News | PowerRating) slid by more than 15% on Wednesday.

Representing continued weakness in basic materials stocks, Dow component Alcoa (AA | Quote | Chart | News | PowerRating) hit a new multi-month low.

Takeover speculation sent shares of National City Corporation (NCC | Quote | Chart | News | PowerRating) higher by more than 70% on Wednesday.