Wednesday, October 21, 2009

7 Stocks you need to know for Wednesday

The bulls were sent scampering back into the barn today despite strong earnings reports. Dire housing data combined with the U.S. Dollar's surprising traction pushed stocks lower on the session. However, the VIX fear index continued to fall indicating there may not be much further downward pressure. The DJIA gave back 50.71, the Nasdaq fell 12.85 and the broad based S&P 500 dropped 6.85.

Here are 7 stocks you need to know for Wednesday.

Wells Fargo (WFC | Quote | Chart | News | PowerRating) is expecting a third quarter EPS of 35 cents before the bell on Wednesday.

Investment giant, Morgan Stanley (MS | Quote | Chart | News | PowerRating), has analysts looking for a third quarter EPS of 32 cents prior to trading on Wednesday.

26 cents is the forecast EPS for US Bancorp's (USB | Quote | Chart | News | PowerRating) third quarter on Wednesday before 9:30 AM EST.

Smokes kingpin, Altria Group (MO | Quote | Chart | News | PowerRating), has traders expecting a third quarter EPS of 46 cents before trading commences.

$1.02/share is the projected third quarter number for Eli Lilly (LLY | Quote | Chart | News | PowerRating) prior to the open.

Genzyme Corp (GENZ | Quote | Chart | News | PowerRating) has its eye on 31 cents/share before the open for the third quarter.

A loss of $2.12/share is the forecast number for Boeing's (BA | Quote | Chart | News | PowerRating) third quarter prior to the trading day.

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