Updated from 7:01 a.m. EST
Tuesday was another ugly day in the market, led by fears of a prolonged recession. Investors simply aren't comfortable jumping in front of what seems to be a perpetual falling knife.
In stock news,
reported yesterday that its fourth-quarter profit fell 7.4%, hurt by the strong dollar and a charge from settling a labor lawsuit. The world's largest retailer earned $3.8 billion, or 96 cents per share, in the quarter ended Jan. 31. That compares with $4.1 billion, or $1.02 per share, a year earlier. CEO Mike Duke hailed the figures as strong relative to competitors.
Also making headlines was
Trump Entertainment Resorts
, which filed for Chapter 11 bankruptcy protection on Tuesday, according to court documents. The casino operator's namesake, Donald Trump, recently left the company, which was wiped out by the recession and an enormous amount of debt.
With this in mind, we thought we'd take a look at some of the stocks people have been searching for on
) and see what
To read more,
In Wednesday trading, shares of Prudential were closed at $22.61 (up 0.09% for the day).
Who's on Stockpickr Answers?
Throughout the trading week on
, investing professionals respond to questions posed by members of the Stockpickr community. Today's pro:
Jud Pyle, CFA
. To interact,
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