Thursday’s Stocks to Watch: Bed Bath & Beyond, Red Hat

BBBY's earnings beat meets a broad market selloff

   

Here are a few stocks to keep on your radar:

  • Amid a sharp selloff in stocks early Thursday, Bed Bath & Beyond (NASDAQ:BBBY) shares slipped 1.3%. Late Wednesday, the company beat analysts’ fiscal third-quarter profit expectations with revenue met estimates.
  • Red Hat (NYSE:RHT) gained 4.2% after the company beat Wall Street’s second-quarter profit and revenue expectations.
  • FedEx (NYSE:FDX) fell nearly 5% after the company beat analysts’ fiscal first-quarter profit and revenue estimates but said full-year profit would miss current expectations.
  • Range Resources (NYSE:RRC), which has jumped about 8% in the past week amid takeover speculation, was off nearly 4% on Thursday.
  • General Mills (NYSE:GIS) fell 1.4%, a day after rising 2.5% after beating Wall Street’s fiscal first-quarter profit estimates.

Article printed from InvestorPlace Media, http://investorplace.com/2011/09/thursdays-stocks-to-watch-bed-bath-beyond-red-hat-2/.

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