7 Stocks

TradingMarkets 7 Stocks You Need to Know for Thursday

Stocks sold off late on Wednesday, taking back the gains from yesterday's session-ending rally.

The Dow was down 166.75. The Nasdaq Composite finished the day lower 53.51. And the S&P 500 closed down 23.39.

Here are 7 Stocks You Need to Know for Thursday.

Announcing no need to raise additional capital, Deutsch Bank AG (DB | Quote | Chart | News | PowerRating) reported that it would show a profit for the second quarter.

Falling auto sales and fears of a slowing economy helped drive steel stocks lower on Wednesday, with U.S. Steel (X | Quote | Chart | News | PowerRating) losing more than 12%.

Trading in Nvidia (NVDA | Quote | Chart | News | PowerRating) was halted shortly after the company announced that it would be taking a charge of $150-200 million and lowering its second quarter forecast.

Shares of Blockbuster (BBI | Quote | Chart | News | PowerRating) gapped up at the open and closed ahead more than 5% on the news that the company was no longer interested in acquiring Circuit City (CC | Quote | Chart | News | PowerRating). Circuit City finished lower by more than 9%.

Apollo Group (APOL | Quote | Chart | News | PowerRating) closed up more than 18% after beating analyst estimates by eight cents.

Starbucks (SBUX | Quote | Chart | News | PowerRating) announced plans to close 600 "underperforming" stores between now and the middle of fiscal 2009.

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