TradingMarkets 7 Stocks You Need to Know for Wednesday

• By David Goodboy
• On 4:04 pm EDT, Tuesday September 15, 2009

Famed stock guru and money manager, Warren Buffett, made it clear that he is aggressively buying shares at the current levels. He firmly believes that great opportunities await prudent investors at this time. Additional good news from the retail front and optimistic words from Fed Chief, Ben Bernanke, powered stocks higher on the session. The DJIA surged 56.61, the tech heavy Nasdaq added 10.86 and the broad based S&P 500 clawed higher by 3.29.

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.

Apogee Enterprises (NasdaqGS:APOG - News) is shooting for an EPS of 25 cents for its fiscal 2nd quarter 2010. APOG reports after the bell on Wednesday evening. The Short Term PowerRating for APOG is 5.

CKE Restaurants (NYSE:CKR - News) has analysts awaiting 22 cents/share for its fiscal second quarter 2010, revealing after the close on Wednesday. The Short Term PowerRating for CKR is 2.

45 cents/share is the forecast fiscal third quarter 2009 earnings for Clarcor Inc (NYSE:CLC - News) on Wednesday after the close. The Short Term PowerRating for CLC is 5.

Low end women clothing purveyor, Dress Barn (NasdaqGS:DBRN - News), is expecting an EPS of 37 cents for its fiscal fourth quarter 2009, Wednesday after the close of trading. The Short Term PowerRating for DBRN is 5.

Coventry Health Care (NYSE:CVH - News) and United Health Group (NYSE:UNH - News) dropped after an advisory group stated that the U.S. Government can cut costs by $250 billion. The Short Term PowerRatings for CVH and UNH is 2 and 5 respectively.

A Republican backed bill hit the house that would require the U.S. Government to dump shares in companies whose stock it acquired including American International Group (NYSE:AIG - News). The Short Term PowerRating for AIG is 4.

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Buzz up!