TradingMarkets 7 Stocks You Need to Know for Thursday

• By David Goodboy
• On 4:19 pm EDT, Wednesday October 14, 2009

A loud cheer was heard up and down Wall Street today as the Dow Jones Industrial Average shattered the 10,000 barrier for the first time in a year. Stocks surged higher on better than expected retail news and solid earnings from several big names. Deep seated economic troubles were ignored as the bulls took firm control of the session. The DJIA closed up 144.80, the tech heavy Nasdaq added 32.34, and the broad based S&P 500 surged higher by 18.83.

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

Search engine pioneer, Google (NasdaqGS:GOOG - News), has traders looking for an EPS of $4.68 for the third quarter after the close. The Stock PowerRating for GOOG is 4.

$2.38 is the expected EPS for Dow heavyweight International Business Machine's (NYSE:IBM - News) third quarter after the bell. The Stock PowerRating for IBM is 4.

During the trading session, Safeway (NYSE:SWY - News), reports its third quarter EPS with a forecast number of 30 cents. The Stock PowerRating for SWY is 5.

Zip, nada, zilch or 0 is the hoped for third quarter EPS for Southwest Airlines (NYSE:LUV - News) before the bell. The Stock PowerRating for LUV is 5.

Cell phone handset maker, Nokia (NYSE:NOK - News), is expecting third quarter earnings of 18 cents/share prior to trading. The Stock PowerRating for NOK is 4.

Monster bank, Goldman Sachs (NYSE:GS - News), has analysts awaiting a third quarter EPS of $4.13 before the trading session. The Stock PowerRating for GS is 6.

Citigroup (NYSE:C - News) may be announcing prior to the bell with an expected EPS loss of 23 cents for the third quarter. The Stock PowerRating for C is 5.

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