TradingMarkets 7 Stocks You Need to Know for Thursday

• By David Goodboy
• On 4:17 pm EDT, Wednesday October 21, 2009

A late session sell off dashed the bull's hopes for a positive close. Downgrades and disparaging words from a major retailer triggered a flurry of selling near the close. Positive data from the Fed's Beige Book was quickly counteracted by dire employment data across 23 states adding to the bearish tone at the end of the day. The DJIA dropped 92.12, the Nasdaq fell 12.74, and the broad based S&P 500 gave back 9.66.

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.

Xerox (NYSE:XRX - News) is expecting third quarter results of 12 cents/share prior to the open on Thursday. The Stock PowerRating for XRX is 4.

52 cents/share is the forecast third quarter number for United Parcel Service (NYSE:UPS - News) Thursday before the bell. The Stock PowerRating for UPS is 5.

Popular retail stock broker, TradeStation Group (NasdaqGS:TRAD - News), has forecast a third quarter EPS of 8 cents prior to the trading day on Thursday. The Stock PowerRating for TRAD is 8.

Before the opening bell on Thursday, 3M Company (NYSE:MMM - News), has traders looking for an EPS of $1.17. The Stock PowerRating for MMM is 6.

Bristol Myers Squibb (NYSE:BMY - News) is awaiting an EPS of 51 cents for the third quarter Thursday morning prior to trading. The Stock PowerRating for BMY is 5.

Phone king, AT&T (NYSE:T - News), is listening for a third quarter EPS of 50 cents revealed before the trading day starts Thursday morning. The Stock PowerRating for T is 5.

$1.08/share is the consensus estimate for Credit Suisse's (NYSE:CS - News) third quarter prior to trading on Thursday. The Stock PowerRating for CS is 5.

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