TradingMarkets 7 Stocks You Need to Know for Wednesday

Stocks ended a volatile trading session mildly lower on Tuesday in advance of the FOMC rate decision tomorrow. The Dow closed down 34.93. The Nasdaq Composite lost 17.46. And the S&P 500 ended the day lower by 3.71.

Here are 7 Stocks You Need to Know for Wednesday

Completing terms on a joint agreement and seniority rules, Northwest Airlines Corp. (NWA | Quote | Chart | News | PowerRating) and Delta Air Lines Inc. (DAL | Quote | Chart | News | PowerRating) have removed the final obstacles to a merger of the two companies. Shares of both air carriers were up by more than 7% and 5%, respectively.

Analysts are expecting earnings per share of $0.85 when Research in Motion (RIMM | Quote | Chart | News | PowerRating) announces earnings tomorrow after the market closes.

Dow Chemical (DOW | Quote | Chart | News | PowerRating) announced that it would raise prices and cut back production in an effort to deal with the high cost of raw materials.

Nike (NKE | Quote | Chart | News | PowerRating) reports earnings tomorrow after the close, with analysts expecting EPS of $0.96.

Blaming high fuel costs and the slowing economy, UPS (UPS | Quote | Chart | News | PowerRating) lowered its profit forecast for the second quarter. The stock was down more than 6% on Tuesday.

Analysts are expecting agribusiness king Monsanto (MON | Quote | Chart | News | PowerRating) to report earnings of $1.34 Wednesday morning before the bell.

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