TradingMarkets 7 Stocks You Need to Know for Thursday

• By David Goodboy
• On 5:05 pm EDT, Wednesday September 2, 2009

The selling continued today on the back of worse than expected economic data and uncertainty being signaled from the Fed. Gold spiked higher triggered by safe harbor buying while the US Dollar sunk against the Euro. While stocks traded erratically for most of the day, strong late day selling pushed the indexes solidly into the red by the close. The DJIA dropped 29.93, the tech heavy Nasdaq gave up 1.82, and the broad based S&P 500 dropped 3.29.

Here are 7 stocks you need to know for Thursday.

Bio-Reference Labs (NasdaqGS:BRLI - News) is expecting to see fiscal third quarter 2009 earnings of 38 cents before the market opens on Thursday morning. The Short Term PowerRating for BRLI is 4.

The fiscal third quarter 2009 earnings are forecast to be 16 cents/share for Calavo Growers (NasdaqGS:CVGW - News) prior to the trading day on Thursday. The Short Term PowerRating for CVGW is 8.

Del Monte Foods (NYSE:DLM - News) has their eye set on 3 cents/share for the fiscal first quarter 2010 Thursday before the bell. The Short Term PowerRating for DLM is 6.

A giant oil find was discovered by BP Plc (NYSE:BP - News) in the Gulf of Mexico. The Short Term PowerRating for BP is 6.

The US Airforce is considering cutting up to 15 programs providing work to Boeing (NYSE:BA - News) and Lockheed Martin (NYSE:LMT - News). The Short Term PowerRatings for BA and LMT is 7 and 4 respectively.

Luxury watch maker, Movado Group (NYSE:MOV - News), hopes its fiscal second quarter 2010 loss doesn't exceed 23 cents/share. MOV will announce before trade on Thursday. The Short Term PowerRating for MOV is 7.

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