7 Stocks you need to know for Wednesday

Apple Inc. (AAPL| Quote| Chart| News| PowerRating) announced plans to sell its iPhone 3Gon Friday July 11th at 8 am across time zones. Apple, up more than 2% on Tuesday, gained for the third day in a row.

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Anheuser-Busch (BUD| Quote| Chart| News| PowerRating) asked a federaljudge to block the planned, $43.6 billion takeover by Belgian beermarker, InBev. The stock was virtually unchanged on Tuesday.

Shaw Group (SGP| Quote| Chart| News| PowerRating) reports earnings Wednesday after the close. Analysts are expecting EPS of $0.63. The stock was up more than 4% on Tuesday, marking its fourth consecutive higher high.

Reporting earnings on Tuesday after the closing bell, Alcoa (AA| Quote| Chart| News| PowerRating) announced EPS of $0.66, in line with analyst estimates. The stock had closed lower by more than 3% in advance of the earnings report.

Shares of VMWare (VMW| Quote| Chart| News| PowerRating) were down more than 24% on Tuesday on news that the company had ousted its CEO and co-founder Diane Greene and was lowering its revenue forecast for the second quarter.

Biogen Idec (BIIB| Quote| Chart| News| PowerRating) was among the big gainers among health carestocks today as the company electecd to raise the price on its multiple sclerosis drugs. The stock closed higher by nearly 7%.