TradingMarkets 7 Stocks You Need to Know for Thursday

• By David Goodboy
• On 4:26 pm EDT, Wednesday September 23, 2009

The FOMC statement sent stocks steeply lower on the session after a steady, anticipatory rise into the release. Word of the Fed slowly pulling out of the housing market was greeted with waves of selling across the board. The bulls were not aided by Warren Buffett stating that he does not see the economy bouncing, in a clearly Paradoxical way, after turning his Goldman Sachs' investment into a $2 billion dollar 12 month profit. The dollar climbed and commodities dropped after the Fed announcement. The DJIA gave back 81.32, the Nasdaq fell 14.88 and the market barometer S&P 500 sunk 10.79.

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.

Ski resort operator, Vail Resorts (NYSE:MTN - News), is hoping the downhill negative EPS of $1.10 for the fiscal fourth quarter isn't any worse, prior to trading on Thursday. The Short Term PowerRating for MTN is 3.

2 cents/share is the forecast first quarter 2010 earnings for 3Com Corp (NasdaqGS:COMS - News), announcing on Thursday before the bell. The Short Term PowerRating for COMS is 5.

American Greetings (NYSE:AM - News) has its eyes on an EPS of 6 cents for its fiscal second quarter 2010 prior to the start of trading on Thursday morning. The Short Term PowerRating for AM is 4.

Thursday before the bell, McCormick & Co (NYSE:MKC - News) is forecast to see an EPS of 54 cents for their fiscal third quarter 2009. The Short Term PowerRating for MKC is 6.

A loss of 83 cents/share is the consensus figure for Scholastic Corp (NasdaqGS:SCHL - News) fiscal first quarter 2010 Thursday prior to trading. The Short Term PowerRating for SCHL is 6.

After the close on Thursday evening, Research in Motion (NasdaqGS:RIMM - News), has been forecast to reveal a fiscal second quarter 2010 EPS of $1.00. The Short Term PowerRating for RIMM is 4.

The Oracle of Omaha earned $2 billion dollars in his Goldman Sachs' (NYSE:GS - News) Trade over the last 12 months. The Short Term PowerRating for GS is 3.

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