Wednesday, June 24, 2009

7 Stocks you need to know for Wednesday

Existing Home Sales missed estimates leading to a choppy trading session after yesterday's steep sell off. The DJIA gave back another 16.10, the Nasdaq dropped 1.27 and the S&P 500 gained 2.06.

Here are 7 stocks you need to know about for Wednesday.

Oracle (ORCL | Quote | Chart | News | PowerRating) beats analysts estimates with a forth quarter EPS of 0.46 cents.

The world's largest owner of full service dining restaurants, Darden Restaurants (DRI | Quote | Chart | News | PowerRating), will host its fourth quarter earnings call at 8:30 AM on Wednesday. EPS increased by 21% to 0.87 cents during the quarter.

Nike (NKE | Quote | Chart | News | PowerRating), the sport shoe maker will announce its fourth quarter results, after the close on Wednesday, with analysts estimates of 0.96 cents EPS.

Monsanto (MON | Quote | Chart | News | PowerRating) releases third quarter results before the open on Wednesday. The estimate is $1.17/share.

Memory chip maker Rambus (RMBS | Quote | Chart | News | PowerRating) cuts its second quarter forecast.

Home builders climbed with Meritage Homes (MTH | Quote | Chart | News | PowerRating) and Lennar Homes (LEN | Quote | Chart | News | PowerRating) participating in the gains.

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