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Wednesday, March 19, 2008

Hot Stocks to Watch Thursday

The Dow fell -293.00 , the Nasdaq Composite -58.30, and the S&P 500 -32.32.
Here are 7 stocks to watch...
Morgan Stanley (NYSE:MS) reported a 42% decline in first quarter profit, but beat estimates by $0.42. MS' Short Term PowerRating is 3.
Shares of Adobe Systems (NasdaqGS:ADBE) jumped 9% after reporting earnings of $0.48, beating estimates by $0.03. ADBE's Short Term PowerRating is 4.
On its market debut, shares of Visa (NYSE:V) surged 28.4% on the NYSE. Visa's IPO was the largest in U.S. history.
Merrill Lynch (NYSE:MER) filed a lawsuit against XL Capital Assurance in an attempt to force the bond insurer to honor $3.1 billion of guarantees on CDOs. MER's Short Term PowerRating is 5.
After the close, Nike (NYSE:NKE) reported third quarter earnings of $0.92, beating estimates by $0.11. NKE's Short Term PowerRating is 5.
Before the market open, Carnival (NYSE:CCL) is expected to report earnings of $0.29 per share. CCL's Short Term PowerRating is 4.
Also before the open, FedEx (NYSE:FDX) is scheduled to report, with analysts looking for $1.22. FDX's Short Term PowerRating is 4.
Do you think FedEx will close up or down on Friday? Go to TradingMarkets.com to play our Up or Down Daily Stock Contest for the chance to win $1000 every month by predicting the direction of a stock.

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