7 Stocks you need to know for Thursday

The Dow fell by 248.42. The Nasdaq Composite lost 56.82. And the S&P 500 closed down 29.17.

Here are 7 Stocks You Need to Know for Thursday.

Citigroup (C | Quote | Chart | News | PowerRating) plunged on Wednesday, as skeptics doubted that the company's plan to sell off parts of itself such as its Smith Barney brokerage unit will help raise much-needed capital.

Also putting a wet blanket on financial stocks was word from Deutsche Bank AG (DB | Quote | Chart | News | PowerRating) that it would likely report fourth quarter losses of approximately 4.8 billion euros. Losses for the year were expected to be just short of EUR 4 billion.

JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday before the market opens. Analysts are expecting an earnings per share loss of one cent.

Nortel Networks (NT | Quote | Chart | News | PowerRating) filed for bankruptcy protection in the United States and Canada on Wednesday. Falling demand for the company's telecommunications hardware was blamed for the company's financial problems.

Disappointing retails sales encouraged sellers to send shares of Target (TGT | Quote | Chart | News | PowerRating) lower for the sixth consecutive trading session.

Intel (INTC | Quote | Chart | News | PowerRating) is expected to announce EPS of four cents when it reports quarterly earnings Thursday after the close.

Also reporting quarterly earnings Thursday after the bell is Genentech (DNA | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 0.96.