7 Stocks you need to know for Wednesday
With Jerry Yang stepping down as Yahoo! (YHOO | Quote | Chart | News | PowerRating) CEO, unresolved deals such as the company's plan to buy Time Warner's AOL unit, are likely to be revisited.
BJs Wholesale (BJ | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the market opens. Analysts are expecting EPS of 0.46. After the bell on Wednesday, Men's Warehouse (MW | Quote | Chart | News | PowerRating) is expected to announce quarterly earnings per share of 24 cents.
InBev received the final approval to complete its $52 billion dollar acquisition of Anheuser-Busch (BUD | Quote | Chart | News | PowerRating).
The CEOs of Ford Motor Company (F | Quote | Chart | News | PowerRating), General Motors (GM | Quote | Chart | News | PowerRating) and Chrysler LLC testified before Congress in favor of $25 billion in loans to avoid a collapse of the U.S. auto industry.
Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) beat quarterly analysts earnings estimates in a pre-announcement that also included a positive forecast despite widespread fears of a global PC sales slowdown in 2009.
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