Wednesday, July 29, 2009

7 Stocks you need to know for Wednesday

Consumer confidence figures cratered for the second month in a row despite definitive signals of strength in the economy. Federal Reserve Governor, Janet Yellen, reiterated that a recovery has begun but hedged her optimism by stating it may be a long, drawn out process. The negative confidence numbers combined with a mixed plate of earning reports resulted in the DJIA falling back 11.79, the Nasdaq eased higher by 7.62, and the S&P 500 gave back 2.56.

Here are 7 stocks you need to know for Wednesday.

Media monster, Time Warner (TWX | Quote | Chart | News | PowerRating), is expecting to see a second quarter EPS of 36 cents prior to the session on Wednesday.

After the close on Wednesday, Visa (V | Quote | Chart | News | PowerRating), is forecasting a fiscal third quarter EPS of 64 cents.

Viacom (VIA-B | Quote | Chart | News | PowerRating) - posted lower than expected second quarter results but made it clear that future revenue looks strong.

Rating and research agency, Moody's (MCO | Quote | Chart | News | PowerRating), expects an EPS of 30 cents for the second quarter revealed before the start of trading Wednesday morning.

The second quarter is expected to show an EPS of 51 cents for Coca Cola Enterprises (CCE | Quote | Chart | News | PowerRating), announced Wednesday before the bell.

Wellpoint (WLP | Quote | Chart | News | PowerRating) has its eye on second quarter results of $1.43/share prior to the start of trading on Wednesday.

Golf kingpin, Callaway (ELY | Quote | Chart | News | PowerRating), is looking for an EPS of 12 cents after the close on Wednesday.

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