7 Stocks you need to know for Wednesday

Anticipation is running high for the FOMC statement tomorrow and midweek brings us another monster slate of earning reports. Despite a solid morning rally, stocks sold off closing lower on the session. Positive results from the consumer confidence front and housing numbers did not provide enough momentum to stop the selling. The DJIA fell 2.57, the Nasdaq gave back 7.07 and the S&P 500 dipped 4.61.

Here are 7 stocks you need to know for Wednesday.

Sun Microsystems Inc ( JAVA | Quote | Chart | News | PowerRating) is looking at a 2 cent/share loss on Wednesday after the close.

An EPS of 50 cents awaits Qualcomm Inc ( QCOM | Quote | Chart | News | PowerRating) at the closing bell on Wednesday evening.

E Trade Financial Corp ( ETFC | Quote | Chart | News | PowerRating) hopes its loss does not exceed 2 cents after the trading day ends on Wednesday.

Valero Energy Corp ( VLO | Quote | Chart | News | PowerRating) expects to take a loss of 46 cents/share prior to trading.

Before the bell, Abbott Laboratories ( ABT | Quote | Chart | News | PowerRating) , has forecast an EPS of $1.17.

ConocoPhillips ( COP | Quote | Chart | News | PowerRating) announces prior to the open with a consensus estimate of $1.13.

Aircraft kingpin, Boeing Co ( BA | Quote | Chart | News | PowerRating), is slated for an EPS of $1.37 before the bell.