TradingMarkets 7 Stocks You Need to Know for Thursday

• By David Goodboy
• On 4:07 pm EDT, Wednesday October 7, 2009

Stocks shrugged off troubling economic news closing mixed on the day. Consumer credit fell for the seventh straight month while credit card defaults hit a 25 year high. Home builders suffered from Deutche Bank's prediction that the Fed will not extend the buyers tax credit past the November expiration. Despite this negative news, the DJIA fell just 5.67, the tech heavy Nasdaq advanced 6.76, and the broad based S&P 500 eased higher by 2.85.

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

Racetrack operator, International Speedway (NasdaqGS:ISCA - News), is expecting a fiscal third quarter 2009 EPS of 38 cents before the open on Thursday. The Stock PowerRating for ISCA is 5.

Hotel kingpin, Marriott International (NYSE:MAR - News), has analysts awaiting 13 cents/share for their fiscal third quarter 2009 prior to trading on Thursday. The Stock PowerRating for MAR is 5.

An EPS of $1.03 for PepsiCo (NYSE:PEP - News) fiscal third quarter 2009 is forecast on Thursday before the bell. The Stock PowerRating for PEP is 5.

A huge theme park deal is underway with Anheuser-Busch (NYSE:BUD - News) selling Sea World and Busch Gardens to the Blackstone Group for over $2.3 billion.

Google's (NasdaqGS:GOOG - News) price target was raised to $565.00 by Oppenheimer. The Stock PowerRating for GOOG is 5.

Citigroup (NYSE:C - News), TradeStation (NasdaqGS:TRAD - News) and Fidelity were fined by the NYSE for trading violations and supervisory deficiencies. C and TRAD both have Stock PowerRatings of 5.

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