TradingMarkets 7 Stocks You Need to Know for Wednesday

• By David Goodboy
• On 4:10 pm EST, Tuesday November 3, 2009

Warren Buffett placed the largest wager of his life by agreeing to purchase Burlington Northern Santa Fe Corp for $26 billion dollars. He is calling this bet an "all-in-wager" on the economic future of the United States. Despite this show of confidence, stocks closed mixed today as recovery worries weighed heavily on shares. The DJIA closed down 17.53, the tech heavy Nasdaq added 8.12 and the broad based S&P 500 climbed 2.53.

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.

Cheap phone service provider, Vonage (NYSE:VG - News), is looking at a loss of 5 cents/share before the open on Wednesday. The Stock PowerRating for VG is 4.

An EPS of 99 cents is the expected number for insurer Allstate (NYSE:ALL - News) prior to the bell on Wednesday. The Stock PowerRating for ALL is 6.

Home building giant Pulte (NYSE:PHM - News) is hoping their loss does not exceed 63 cents/share revealed Wednesday morning prior to trading. The Stock PowerRating for PHM is 6.

Cisco Systems (NasdaqGS:CSCO - News) reports after the close with a forecast EPS of 26 cents for their fiscal 1st quarter 2010. The Stock PowerRating for CSCO is 6.

Credit score masters, Fair Isaac (NYSE:FICO - News) is expecting to see an EPS of 43 cents after the bell for their fiscal 4th quarter 2009. The Stock PowerRating for FICO is 8.

Qualcomm (NasdaqGS:QCOM - News) announces after the close with and expected fiscal 4th quarter EPS of 46 cents. The Stock PowerRating for QCOM is 4.

Prudential (NYSE:PRU - News) has its eyes set on an EPS of $1.33 after the close on Wednesday evening. The Stock PowerRating for PRU is 6.

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Buzz up!