7 Stocks you need to know for Thursday

Costco Wholesale (COST | Quote | Chart | News | PowerRating) reports quarterly earnings on Thursday, with analysts expecting EPS of 62 cents.

Among the coal producers that have continued to do well are Massey Energy Company (MEE | Quote | Chart | News | PowerRating), which gained more than 14% on Wednesday.

Pointing to a survey showing a decreased number of consumers saying that they were buying iPods as gifts this holiday season compared to last year, Morgan Stanley (MS | Quote | Chart | News | PowerRating) lowered its price target on Apple (AAPL | Quote | Chart | News | PowerRating) to $95 per share from $105.

Shares of General Motors (GM | Quote | Chart | News | PowerRating) and Ford Motor Company (F | Quote | Chart | News | PowerRating) slid midday after Republican senators jointly announced their opposition to the controversial auto assistance package currently under debate in Washington.

Still searching for a CEO to replacing outgoing, co-founder Jerry Yang, Yahoo! (YHOO | Quote | Chart | News | PowerRating) eliminated 1,500 jobs on Wednesday.