Wednesday, September 23, 2009

7 Stocks you need to know for Wednesday

The stock market surged higher today on the back of advancing commodity prices. Optimism over the FOMC meeting statement tomorrow further fueled the anticipating bullish bias. Little hope of tightening by the Fed drove the U.S. dollar lower against the major currencies while the commodity complex pushed higher. The DJIA gained 51.01, the Nasdaq moved higher by 8.26 and the broad based market barometer S&P 500 stretched ahead by 7.00.

Here are 7 stocks you need to know for Wednesday.

An incredible $4.45/share is the expected fiscal fourth quarter 2009 EPS for AutoZone (AZO | Quote | Chart | News | PowerRating) on Wednesday prior to trading.

General Mills (GIS | Quote | Chart | News | PowerRating) has its eye on an EPS of $1.03 for its fiscal first quarter 2010. GIS will announce before the bell on Wednesday morning.

Internet bubble darling and survivor, Red Hat (RHT | Quote | Chart | News | PowerRating), is forecast to see an EPS of 11 cents for its fiscal second quarter 2010 after the close Wednesday evening.

34 cents/share is the anticipated number at Paychex Inc (PAYX | Quote | Chart | News | PowerRating) for its fiscal 1st quarter 2010 after trading ends on Wednesday.

Bed Bath & Beyond (BBBY | Quote | Chart | News | PowerRating) has traders expecting fiscal second quarter 2010 earnings of 48 cents/share. BBBY will announce on Wednesday after the close.

Cintas Corp (CTAS | Quote | Chart | News | PowerRating) is expecting to see an EPS of 40 cents for the fiscal first quarter 2010 after the session ends Wednesday.

40 cents/share is the forecast first quarter 2010 results for Comtech Telecommunications (CMTL | Quote | Chart | News | PowerRating). CMTL will reveal on Wednesday after 4:00 PM EST.

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