TradingMarkets 7 Stocks You Need to Know for Wednesday

• By David Goodboy
• On 4:14 pm EDT, Tuesday October 27, 2009

Stocks were hit hard today on a sharply lower than expected consumer confidence figure. However positive data from the home price front combined with IBM's share repurchase plan lifted the DJIA into positive territory while mitigating the damage across the board. The DJIA added 14.21, the Nasdaq fell 25.76, and the S&P 500 gave back 3.54.

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.

Goodyear Tire & Rubber (NYSE:GT - News) is expecting a third quarter EPS of 47 cents prior to the open on Wednesday. The Stock PowerRating for GT is 6.

Hotel giant, Wyndham Worldwide (NYSE:WYN - News), has its eyes focused on a third quarter EPS of 56 cents on Wednesday before the trading day starts. The Stock PowerRating for WYN is 7.

Silicon Labs (NasdaqGS:SLAB - News) has analysts awaiting a third quarter EPS of 41 cents/share prior to the bell on Wednesday morning. The Stock PowerRating for SLAB is 8.

33 cents is the expected third quarter EPS for Sealed Air Corp (NYSE:SEE - News), announcing on Wednesday prior to the open. The Stock PowerRating for SEE is 6.

Ashland (NYSE:ASH - News) is awaiting for fiscal fourth quarter EPS of 90 cents before the open on Wednesday. The Stock PowerRating for ASH is 6.

International Paper (NYSE:IP - News) is expecting third quarter EPS of 23 cents prior to the trading day on Wednesday. The Stock PowerRating for IP is 7.

Conoco Phillips (NYSE:COP - News) has analysts expecting third quarter earnings of 93 cents before the trading day starts on Wednesday morning. The Stock PowerRating for COP is 8.

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Buzz up!