TradingMarkets 7 Stocks You Need to Know for Wednesday

• By David Goodboy
• On 4:18 pm EDT, Tuesday October 6, 2009

A monster rally sent gold surging to record highs and Australia became the first country to have the confidence to raise interest rates. Stocks followed suit closing near the daily highs with the DJIA advancing 131.50, the tech heavy Nasdaq climbing 35.42, and the broad based S&P 500 marching ahead by 14.26.

Here are 7 Stocks you need to know for Wednesday. Find high probability stock trading strategies for stocks such as these in Larry Connors' book, Short Term Trading Strategies That Work.

Big box shopping club giant, Costco Wholesale (NasdaqGS:COST - News), is expecting to see a fiscal fourth quarter 2010 EPS of 77 cents before the open on Wednesday. The Stock PowerRatings for COST is 5.

Low priced retail specialist, Family Dollar Stores (NYSE:FDO - News), has analysts looking at fiscal fourth quarter EPS of 41 cents prior to the bell on Wednesday morning. The Stock PowerRatings for FDO is 3.

Consumer products firm, Helen of Troy (NasdaqGS:HELE - News), has forecast fiscal second quarter 2010 earnings of 39 cents/share before the session on Wednesday. The Stock PowerRatings for HELE is 6.

A loss of 23 cents/share is anticipated for Merix Corp (NasdaqGM:MERX - News) for the fiscal first quarter 2010 on Wednesday prior to trading.

Bank of America (NYSE:BAC - News) declared it would keep credit card rates unchanged until President Obama's sweeping reform measures take hold next year. While, JP Morgan Chase (NYSE:JPM - News) and Discover Financial (NYSE:DFS - News) raised rates and fees in anticipation of being forced to lower them. The Stock PowerRatings for DFS is 6. BAC and JPM both have a Stock PowerRatings of 5 respectively.

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Buzz up!