7 Stocks you need to know for Thursday

The Dow finished the day down 52.81. The Nasdaq Composite lost 6.70. And the S&P 500 closed lower by 4.66.

Here are 7 Stocks You Need to Know for Thursday.

Up more than 2% in advance of its earnings report due out before the market opens on Thursday is GameStop Corporation (GME | Quote | Chart | News | PowerRating). The stock has traded in $2 range below its 200-day moving average for the past two weeks. Analysts are expecting GameStop to report per share earnings of 41 cents.

Also reporting quarterly earnings before the bell on Thursday is Hormel Foods (HRL | Quote | Chart | News | PowerRating), which closed lower after closing higher for for six consecutive trading days above its 200-day moving average. Per share earnings of 50 cents is what analysts are expecting to hear from Hormel Foods.

Shares of McDonald's (MCD | Quote | Chart | News | PowerRating) soared by more than 5% intraday on Wednesday, closing at their highest levels since early February. MCD continues to trade below its 200-day moving average.

A number of retailers are reporting after the market closes on Thursday including Foot Locker (FL | Quote | Chart | News | PowerRating) and Hibbett Sports (HIBB | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 13 cents from Foot Locker, and per share earnings of 38 cents from Hibbett Sports. Both stocks pulled back to or toward their 200-day moving averages on Wednesday.

Pulling back by more than 10% over the past two days while trading above its 200-day moving average are shares of Palm Inc. (PALM | Quote | Chart | News | PowerRating), which were downgraded to "underperform" by an analyst at Needham & Company.

Analysts are expecting per share earnings of 30 cents from The Gap (GPS | Quote | Chart | News | PowerRating) when the company announces quarterly earnings after the market closes on Thursday. Shares of the retailer reversed after moving higher for most of the trading day on Wednesday.