7 Stocks you need to know for Wednesday

Blow out positive earnings from investment banking giant, Goldman Sachs and the best retail sales figures in five months were not enough to send stocks rallying on the day. Negative wholesale price figures and inflation fears kept shares modestly higher on the day. The DJIA advanced 27.81 after flirting about breakeven. Tech heavy Nasdaq added 6.52 and the broad based S&P 500 gained 4.78.

Here are 7 stocks you need to know for Wednesday:

Intel (INTC | Quote | Chart | News | PowerRating) reported second quarter revenue up 12% topping estimates; however they posted their first loss in 22 years due to an antitrust fine levied by the European Union.

Struggling airline US Airways (LCC | Quote | Chart | News | PowerRating) announced it will cut 600 airport jobs.

Health care company Abbott Labs (ABT | Quote | Chart | News | PowerRating) announces second quarter earnings before the bell Wednesday with an expected 88 cents/EPS.

The FDIC is ignoring CIT Groups (CIT | Quote | Chart | News | PowerRating) cries for a bailout.

Wolverine World Wide (WWW | Quote | Chart | News | PowerRating) is expecting to see 26 cents/EPS before the open.

Trucking giant JB Hunt (JBHT | Quote | Chart | News | PowerRating) will announce second quarter earnings after the bell Wednesday, with a consensus estimate of 32 cents/EPS.

Lumber and building product company, Universal Forest Products (UFPI | Quote | Chart | News | PowerRating), announces second quarter earnings after the bell with an estimated EPS of 43 cents/share.