Wednesday, December 09, 2009

7 Stocks you need to know for Wednesday

My screens were bleeding red today as stock markets sold off around the world. A storm of stock negative news including Fitch downgrading Greece's credit rating, German industrial production slipping and a climbing U.S. dollar kept stocks steeply negative on the session. Gold and oil followed suit on the back of the stronger U.S. Dollar and negative gold comments out of the Bank of Korea. The DJIA gave back 104.14, the tech heavy Nasdaq fell 16.62 and the broad based U.S. stock barometer S&P 500 dipped 11.32.

Here are 7 stocks you need to know for Wednesday.

Watch maker, Movado Group (MOV | Quote | Chart | News | PowerRating), has forecast an EPS of 62 cents prior to the open.

A predicted loss of 75 cents/share is haunting Jackson Hewitt Tax Services (JTX | Quote | Chart | News | PowerRating) prior to the open.

Lulelemon Athletica (LULU | Quote | Chart | News | PowerRating) has its eyes set on an EPS of 19 cents after the close.

The largest gold producer, Barrick Gold (ABX | Quote | Chart | News | PowerRating), continues to fall on gold's decline.

Fast food giant, McDonald's (MCD | Quote | Chart | News | PowerRating), reported comparable store sales declining in the United States but climbing world wide.

M&T Bank (MTB | Quote | Chart | News | PowerRating) bucked the down trend today climbing on a SunTrust Robinson upgrade.

Shares of Texas Instruments (TXN | Quote | Chart | News | PowerRating) slid on Tuesday despite the company's assurance revenues and profits would be at the upper end of their project range for the fourth quarter.

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