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Wednesday, May 21, 2008

Hot Stocks to Watch Wednesday

Target (NYSE:TGT) reported earnings today before the open, beating analyst estimates by three cents. The Short Term PowerRating for TGT is 4.
An analyst report suggesting that Chinese demand for metals lead to lower prices for shares of stocks like Alcoa (NYSE:AA), which was down more than 3% on the day. The Short Term PowerRating for AA is 2.
Home Depot (NYSE:HD) announced earnings beat lowered estimates but failed to truly impress traders and investors, who sent the stock lower by more than 5% on Tuesday. The Short Term PowerRating for HD is 5.
Solarfun Power (NasdaqGM:SOLF) reports earnings Wednesday morning before the open, with analysts expecting EPS of $1.12. The Short Term PowerRating for SOLF is 1.
Expanding its services to allow customers to watch content downloaded from the Internet on their televisions, Netflix (NasdaqGS:NFLX) was up by more than 3% in Tuesday trading. The Short Term PowerRating for NFLX is 5.
Added to Goldman Sachs "conviction buy list" today, Humana (NYSE:HUM) was one of the largest gainers in the S&P 500 today. The Short Term PowerRating for HUM is 3.
Discounts on women's clothing and accessories did not prevent Saks (NYSE:SKS) from missing analyst estimates in its earnings report on Tuesday. Saks finished the day down more than 6%. The Short Term PowerRating for SKS is 4.

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