Wednesday, December 30, 2009

7 Stocks you need to know for Wednesday

The bulls ended their winning streak today with stocks closing slightly lower across the board. Dropping oil prices sent the energy sector lower. Combined with a better than expected consumer confidence number resulted in a listless session. The DJIA gave back 1.67, the Nasdaq dipped 2.68, and the S&P 500 fell 1.59.

Here are 7 stocks you need to know for Wednesday.

United Community Banks [UCBI|UCBI] is temporarily suspending dividends.

Helsinki based cell phone handset maker, Nokia, filed a complaint against Apple [AAPL|AAPL] over a patent issue.

Johnson & Johnson [JNJ|JNJ] is recalling Tylenol Arthritis Caplets due to a foul smell.

A federal probe into Spectranetics [SPNC|SPNC] ended today with the payment of $5 million dollars.

Imperial Sugar [IPSU|IPSU] settled a property insurance claim for an industrial accident last year.

Fannie Mae [FNM|FNM] and CB Richard Ellis Group [CBG|CBG] climbed on the steady home price report.

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