TradingMarkets 7 Stocks You Need To Know For Thursday

Stocks fell Wednesday on continuing inflation concerns and disappointing revenues from Apple Computer. Traders were also concerned about interest rates, with the 10-year note yielding 4.45%.

Apple (AAPL | Quote | Chart | News | PowerRating) beat by a penny, ex-items, but revenues were light. iPod sales almost tripled to 6.45 units. The company announced a new video iPod as well as a new version of the iMac.

Now, here are a few stocks to watch on Thursday:

Lam Research (LRCX | Quote | Chart | News | PowerRating) beat by 0.05 but was light on revenues

Apple (AAPL | Quote | Chart | News | PowerRating) bounced at its 50-day MA. Look at that volume.

Tribune (TRB | Quote | Chart | News | PowerRating) is expected to report before the bell on Thursday; look for 0.48.

Winnebago (WGO | Quote | Chart | News | PowerRating) is also due to report before the bell. The estimate is 0.42.

Polaris (PII | Quote | Chart | News | PowerRating) is expected to report 1.11 before the open.

Fairchild Semi (FCS | Quote | Chart | News | PowerRating) reports before the open; look for -0.01.

The Semiconductor HOLDRs (SMH | Quote | Chart | News | PowerRating) closed just above their 200-day MA. That is the first up-day in eight.

Bonus stock:  If the group moves, so will Intel (INTC | Quote | Chart | News | PowerRating).

Brice Wightman

P.S. If it appears that I am bottom picking here on the SMHs and Intel, the odds of a bounce increase as the number of down days increase. Just read Larry Connors' How Markets Really Work.