Wednesday, November 19, 2008

7 Stocks you need to know for Thursday

The Dow lost 427.47. The Nasdaq Composite closed lower by 96.85. And the S&P 500 ended the day down 52.54.

Here are 7 Stocks You Need to Know for Thursday.

Word that Microsoft (MSFT | Quote | Chart | News | PowerRating) was no longer interested in an acquisition of Yahoo! (YHOO | Quote | Chart | News | PowerRating), even with the pending departure of CEO Jerry Yang, sent shares of Yahoo! sharply lower on Wednesday.

Reporting earnings Thursday after the bell, Gap (GPS | Quote | Chart | News | PowerRating) is expected announce EPS of 0.34.

Belt-tightening in the technology sector continues, with KLA-Tencor (KLAC | Quote | Chart | News | PowerRating) announcing plans to cuts its workforce by 15% worldwide by June 2009.

Lawmakers continued to grill the CEOs of General Motors (GM | Quote | Chart | News | PowerRating), Ford Motor Company (F | Quote | Chart | News | PowerRating) and Chrysler LLC for the second day in a row.

Dell (DELL | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday after the market closes. Analysts are expecting earnings per share of 0.31.

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