7 Stocks you need to know for Wednesday

Warning that the selling in shares of Google (GOOG | Quote | Chart | News | PowerRating) was excessive, Barclays analysts pointed to a rebound in search advertising as a positive catalyst going forward.

Goldman Sachs (GS | Quote | Chart | News | PowerRating) and Morgan Stanley (MS | Quote | Chart | News | PowerRating) are the two banks taking the lead in selling FDIC-guaranteed debt.

In a cost-cutting effort, Cisco (CSCO | Quote | Chart | News | PowerRating) said that the company plans to shut down for the final week of the year. The move is expected to help save Cisco $1 billion.

Fears that Research in Motion (RIMM | Quote | Chart | News | PowerRating) might miss its subscriber goals for the quarter ending in November led to selling in the stock on Tuesday.

Shares of E*Trade (ETFC | Quote | Chart | News | PowerRating) soared on optimism that the online brokerage firm would be able to access funds from the Federal Troubled Asset Relief Program or TARP.

Deere (DE | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday morning before the markets open. Analysts are expecting EPS of 0.99.