Stocks were slammed today as investors pulled money from risky assets due to the Japanese nuclear situation, which was upgraded to a level rivaling the nightmarish Russian Chernobyl disaster sending waves of fear into the market. A drop in U.S. exports and disappointing numbers from Alcoa (NYSE: AA) further pushed stocks into the red. Midweek holds the Beige Book, Retail Sales and Business Inventories.
5 Hot Stocks for Wednesday
JP Morgan Chase (NYSE: JPM) The venerable investment bank reports earnings before the bell with an expected figure of $1.16. Shares are off fractionally.
NovaGold Resources (NYSE: AG) A $0.07 loss is forecast during the trading day. Shares are off more than 9%.
Bank of the Ozarks (Nasdaq: OZRK) After the close, the bank has projected results of $0.69 . The stock is up fractionally.
Exelixis (Nasdaq: EXEL) The drug company climbed 3% on the session after hiring Goldman Sachs(NYSE: GS) for takeover consultations.
Atmel Corporation (Nasdaq:ATML) The semiconductor company fell more than 5% after a patent suit was filed against it in Delaware.
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