TradingMarkets 7 Stocks You Need to Know for Wednesday

Stocks sold off on Tuesday, as record oil prices and concerns over the credit markets weighed on the markets. The Dow was down 199.48. The S&P 500 was lower by 13.23. The Nasdaq Composite lost 23.83 on the day.

Here are 7 Stocks You Need to Know for Wednesday

Target (TGT | Quote | Chart | News | PowerRating) reported earnings today before the open, beating analyst estimates by three cents.

An analyst report suggesting that Chinese demand for metals lead to lower prices for shares of stocks like Alcoa (AA | Quote | Chart | News | PowerRating), which was down more than 3% on the day.

Home Depot (HD | Quote | Chart | News | PowerRating) announced earnings beat lowered estimates but failed to truly impress traders and investors, who sent the stock lower by more than 5% on Tuesday.

Solarfun Power (SOLF | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the open, with analysts expecting EPS of $1.12.

Expanding its services to allow customers to watch content downloaded from the Internet on their televisions, Netflix (NFLX | Quote | Chart | News | PowerRating) was up by more than 3% in Tuesday trading.

Added to Goldman Sachs "conviction buy list" today, Humana (HUM | Quote | Chart | News | PowerRating) was one of the largest gainers in the S&P 500 today.

Discounts on women's clothing and accessories did not prevent Saks (SKS | Quote | Chart | News | PowerRating) from missing analyst estimates in its earnings report on Tuesday. Saks finished the day down more than 6%.

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