7 Stocks you need to know for Wednesday

Reporting quarterly earnings Wednesday after the market closes, CME Group (CME | Quote | Chart | News | PowerRating) is expected to announce per share earnings of 3.98.

Soaring higher for a second day in a row, shares of Verizon Communications (VZ | Quote | Chart | News | PowerRating) gained more than 14% on Tuesday, setting a new 7-day high.

Reporting earnings Wednesday morning before the bell, Kellogg (K | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.80.

Hedge-fund manager William Ackman, whose firm controls 10% of Target (TGT | Quote | Chart | News | PowerRating) shares, will announce publicly plans for real estate owned by the discount retailer on Wednesday.

Analysts are expecting Procter & Gamble (PG | Quote | Chart | News | PowerRating) to report quarterly earnings of 0.99 when the company reports Wednesday morning before the market opens.

The potential for an end to the machinist strike against Boeing (BA | Quote | Chart | News | PowerRating), sent shares higher by more than 15% on Tuesday.

Kraft Foods (KFT | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting EPS of 0.43.