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.

Do you think Starbucks will be Up or Down on Monday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!