CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
CNNMoney.com
Markets & Stocks
graphic

Stocks to watch Thursday
Unemployment, leading indicators due; Bed Bath & Beyond surges, Pfizer falls, Rite Aid reports.
September 22, 2004: 6:05 PM EDT

NEW YORK (CNN/Money) - Investors will hope for positive readings on unemployment and leading indicators while eyeing the retail sector for Thursday's action in a bid to reverse the steep market losses Wednesday.

Bed Bath & Beyond Inc. posted a 24 percent rise in its quarterly earnings as demand for its household goods remained strong, but the company said same-store sales, a key gauge for retail companies, grew 4.8 percent for the quarter, less than the 5.9 percent gain in the year-ago quarter.

Although the speciality retailer beat earnings estimates by a penny, the sales news was enough to send Bed Bath & Beyond (BBBY: Research, Estimates) shares down 4.4 percent to $37.86 in after-hours trade.

Drugmaker Pfizer Inc. said it will buy drug delivery technology company Meridica Limited for $125 million and a contingent payment.

Although Pfizer said the acquisition will strengthen the company's presence in the allergy and respiratory therapeutic area, investors thought ill of the deal and sent Pfizer (PFE: Research, Estimates) shares down 1.3 percent to $29.80 after the bell. Shares also shed 2.3 percent during regular trade.

Companies releasing earnings before the bell Thursday include A.G. Edwards (AGE: Research, Estimates) and Rite Aid (RAD: Research, Estimates).

Analyst expect earnings per share of 56 cents at A.G. Edwards and a loss of .01 cents at Rite Aid, according to Reuters.

Economic numbers due before the bell include initial unemployment claims and a reading of the basket of leading economic indicators.

Initial unemployment claims for the week ending Sept. 18 are expected to come in at 338,000, up from 333,000 last week, according to Briefing.com.

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.

The leading economic indicators for August are expected to decline by 0.2 percent, compared to July's 0.3 percent decline.

In other after-bell news, American Airlines holding company AMR Corp. (AMR: Research, Estimates) said that the airline's August revenue was weaker than expected, after hurricanes and high fuel prices cut into results, and that it might not be able to comply with a covenant of a bank credit facility.

Restaurant operator Darden Restaurants Inc. (DRI: Research, Estimates), which runs hundreds of Red Lobster and Olive Garden franchises, reported higher quarterly earnings -- $72.1 million, or 44 cents per share, compared with $68.6 million, or 40 cents per share, a year ago -- helped by strong performance at the Italian-themed Olive Garden.

And home builder M.D.C. Holdings Inc. (MDC: Research, Estimates) said it expects its third- and fourth-quarter earnings to exceed analysts' highest current predictions.

I  Top of page




  More on MARKETS
Stocks flirt with fresh 2009 highs
Treasurys ease ahead of auctions
Dollar slips from 3-month high
  TODAY'S TOP STORIES
$6 million payday for mortgage execs
Stocks flirt with fresh 2009 highs
Debt limit raised by $290 billion




graphic graphic
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.