A late rally brought all three of the major market indexes back into positive territory on Tuesday. The Nasdaq, however, lagged behind the Dow industrials and S&P 500.
The Dow closed up 151.17. The Nasdaq Composite edged up 1.22. And the S&P 500 ended the day higher by 8.37.
Here are 7 Stocks You Need to Know for Wednesday.
With Jerry Yang stepping down as Yahoo! ( YHOO | Quote | Chart | News | PowerRating) CEO, unresolved deals such as the company's plan to buy Time Warner's AOL unit, are likely to be revisited.
BJs Wholesale ( BJ | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the market opens. Analysts are expecting EPS of 0.46. After the bell on Wednesday, Men's Warehouse ( MW | Quote | Chart | News | PowerRating) is expected to announce quarterly earnings per share of 24 cents.
InBev received the final approval to complete its $52 billion dollar acquisition of Anheuser-Busch ( BUD | Quote | Chart | News | PowerRating).
The CEOs of Ford Motor Company ( F | Quote | Chart | News | PowerRating), General Motors ( GM | Quote | Chart | News | PowerRating) and Chrysler LLC testified before Congress in favor of $25 billion in loans to avoid a collapse of the U.S. auto industry.
Hewlett-Packard ( HPQ | Quote | Chart | News | PowerRating) beat quarterly analysts earnings estimates in a pre-announcement that also included a positive forecast despite widespread fears of a global PC sales slowdown in 2009.
Do you think that Hewlett-Packard will be Up or Down on Thursday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 every month by correctly guessing the direction of a stock!
Trading momentum successfully means knowing which stocks are the right stocks and knowing when those stocks are ready to surge higher. Back by popular demand, our momentum trading strategy, the 5x5x5 Portfolio Method, has had an average compound annual return of 118.79% for more than 7 years, with 71% profitable trades since 2001.
| Click here to find out more about the 5x5x5 Portfolio Method Today! |
Special Offer! Buy the 5x5x5 Portfolio Method Before December 15 and Save 10%!
