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7 Stocks you need to know for Wednesday
Dec 03, 2008

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Gekko

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The Wall Street Journal reported that a new bidder for Yahoo! (YHOO | Quote | Chart | News | PowerRating) was looking to buy some or all of the company. The bidder, Jonathan Miller, is a former CEO at AOL.


Ford Motor Company (F | Quote | Chart | News | PowerRating) has produced a restructuring plan that calls for borrowing $9 billion. General Motors (GM | Quote | Chart | News | PowerRating) has created a $18 billion plan that includes a federal oversight board and a $6 billion line of credit in case the recession worsens.

Although warning of softer profits in the fourth quarter, General Electric (GE | Quote | Chart | News | PowerRating) was up more than 14% on Tuesday.

Quarterly losses of up to $2 billion are feared when Goldman Sachs (GS | Quote | Chart | News | PowerRating) reports earnings next week on December 16.

Reporting earnings Wednesday morning before the market opens, Del MonteDLM | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.12. (

A lowered profit forecast and continued concerns over demand outstripping supply led to selling in Research in Motion (RIMM | Quote | Chart | News | PowerRating) on a day when stocks in general were higher.

by Gekko (The Knight Trader)

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