7 Stocks you need to know for Wednesday

Positive data from the inventory and productivity arenas was not enough to stem the heavy selling today. The extreme bearish sentiment was triggered by JP Morgan downgrading critical bond insurer
, MBIA, while slashing deeper by stating there is very little value in the company. The DJIA lost 96.50, the Nasdaq gave back 22.51 and the broad based S&P 500 dropped 12.75 suffering the steepest decline in a month.

Here are 7 stocks you need to know for Wednesday.

Retailing monster Macy's (M | Quote | Chart | News | PowerRating) is expecting to see fiscal second quarter 2010 earnings of 17 cents/share before the open on Wednesday.

Bra maker, Maidenform Brands (MFB | Quote | Chart | News | PowerRating), has suggested an EPS of 25 cents for the second quarter on Wednesday prior to the bell.

Progressive (PGR | Quote | Chart | News | PowerRating) has been forecasting an EPS of 34 cents for its fiscal third quarter announcing Wednesday before trading.

Residential building behemoth, Toll Brothers (TOL | Quote | Chart | News | PowerRating), is looking at a loss of 34 cents/share for its fiscal third quarter prior to the start of trading on Wednesday morning.

The furniture retailer, Ethan Allen (ETH | Quote | Chart | News | PowerRating), has analysts expecting a fiscal fourth quarter loss of 25 cents to be revealed Wednesday morning before the open.

An EPS of 83 cents is what auto part seller, Advanced Auto Parts (AAP | Quote | Chart | News | PowerRating), has traders expecting to see Wednesday after the close for the second quarter.

LDK Solar (LDK | Quote | Chart | News | PowerRating) has traders looking for a loss of 91 cents for the second quarter revealed after the trading day on Wednesday evening.