Wednesday, April 07, 2010

7 Stocks you need to know for Wednesday

Midweek brings investors the Consumer Credit

figures and a solid slate of diversified earnings reports. The hotly anticipated FOMC minutes release led to a rally in the majority of stocks today. However, the market closed mixed with the DJIA being the laggard on the session. Bullish word that the Fed has no immediate plans to up the interest rate solidified the bulls' position. However, the Fed did express concern over the employment situation and the potential creation of another bubble economy via debt. Led lower by Travelers, the DJIA gave back 3.56, the tech heavy Nasdaq gained 7.28, and the broad based S&P 500 added 1.99.

Here are 7 stocks you need to know for Wednesday.

$1.73/share is the forecast number for Monsanto Co ( MON | Quote | Chart | News | PowerRating) before trading starts.

Family Dollar Stores Inc ( FDO | Quote | Chart | News | PowerRating) has traders awaiting an EPS of 78 cents prior to the open.

Household retailing heavy weight, Bed Bath & Beyond Inc ( BBBY | Quote | Chart | News | PowerRating) reports after the close with an expected EPS of 73 cents.

Restaurant chain, Ruby Tuesday Inc (Ga) ( RT | Quote | Chart | News | PowerRating), has analysts forecasting 23 cents/share after the bell.

Wd-40 Co ( WDFC | Quote | Chart | News | PowerRating) announces after the close with an estimated EPS of 38 cents.

Suntrust Banks Inc ( STI | Quote | Chart | News | PowerRating) may be in play as a takeover target per sources at Credit Suisse.

A horrific coal mining explosion in West Virginia sent owner Massey Energy Company ( MEE | Quote | Chart | News | PowerRating) sharply lower on the session.

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