Stocks to Watch: O'Reilly Auto, Fedex, CarMax and More...
Stocks shaved some earlier losses Wednesday but continued to remain under pressure as investors stayed cautious ahead of the Federal Reserve's decision on monetary policy and waited for comments from chairman Ben Bernanke later this afternoon.
The Dow Jones Industrial Average was lower after finishing higher for the fourth straight day in the previous session.
Here are six stocks that are on the move:
O'Reilly Auto
The auto parts retailer was trading at highs not seen since its IPO in April 1993.
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FedEx
The delivery company's fourth quarter net income rose 33 percent as higher surcharges helped offset the rising cost of fuel.
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Trina Solar
The renewable energy company was initiated a buy with a $35 price target at Brigantine Advisors.
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Nanosphere
The medical equipment company was trading at all-time lows dating back to its IPO in November 2007 with shares down more than ninety percent since the company went public.
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Forest Oil
The oil and gas company was upgraded to buy from hold at Stifel Nicolaus.
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CarMax
The used car retailer's first quarter earnings rose 25 percent after reporting increased customer traffic.
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