Rumors of an Obama led announcement of additional economic stimulus being needed sent shares steeply lower in the pre-open. However, the White House quickly quashed the bear awakening tall tale triggering the bull faction to buy the created bargains at the open. Additional bullish news from the oil inventory front pushed the market to a solid rally closing nicely higher on the day. The DJIA soared 61.22, the Nasdaq advanced 13.32, and the broad based S&P 500 added 6.79.
Here are 7 stocks you need to know for Thursday:
Children's Place Retail (PLCE | Chart | News | PowerRating) has traders awaiting an EPS loss of 45 cents for its fiscal second quarter 2010. PLCE reports on Thursday before the bell.
Book seller giant, Barnes & Noble (BKS | Chart | News | PowerRating), has forecast a fiscal second quarter 2010 EPS of 10 cents, which will be release prior to trading Thursday.
A fiscal second quarter 2010 EPS of 30 cents is expected Thursday before the bell for GameStop (GME | Chart | News | PowerRating).
Meat specialist, Hormel Foods (HRL | Chart | News | PowerRating), has analysts routing for an EPS of 52 cents prior to the trading day for its fiscal third quarter 2010.
Shipping giant, Teekay (TK | Chart | News | PowerRating), has an EPS loss of 71 cents expected early Thursday morning for the second quarter.
Sears (SHLD | Chart | News | PowerRating) has projected an EPS of 35 cents, and will announce before trading on Thursday, for the fiscal second quarter 2010.
After the close on Thursday, Salesforce.com (CRM | Chart | News | PowerRating), is expecting to see a fiscal second quarter 2010 EPS of 15 cents.
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