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Investors can keep track of at least seven stocks when the market opens on Wednesday morning for their intraday activities. These stocks are likely to move either upward or downwards following their corporate announcements (earnings, management changes, outlook, etc.) after the regular markets closed on Tuesday.

The technology segment will get a boost following the better-than-expected quarterly results from networking equipment company Cisco (CSCO). The company's stock will be the cynosure of investors on Wednesday's trading. The company's stock gained more than 7% in the extended hours of trading on Tuesday. The company believes that its innovation, operational discipline and ongoing evolution are driving it to be different in the market.

However, there are more stocks with downside pressures. The Mosaic Co. (MOS) witnessed an over 4% drop in the after hours trading on Tuesday. While AMD (AMD) has shed about 2%, Zynga (ZNGA) and UBIQUITI Networks (UBNT) witnessed the downside after the normal trading closed following the announcement of management changes.

For the upside rewards, Cisco should be leading the day. The company reported an 18% increase in profit to $2.1 billion or EPS of 39 cents for Q1 from $1.8 billion or EPS of 43 cents a year ago. On an adjusted basis too, profit rose 11% to $2.6 billion or EPS of 48 cents from $2.3 billion or EPS of 43 cents. Net sales grew 5.5% to $11.9 billion from $11.3 billion. Both EPS and revenues were above the Street expectations of 46 cents and $11.77 billion respectively.

Another company that investors can keep an eye is Griffon (GFF). The company earned a profit of $3.4 million or EPS of 6 cents for Q4 compared to $3.4 million or EPS of 6 cents last year. On an adjusted basis, net income dropped to $2.0 million or EPS of 4 cents from $4.2 million or EPS of 7 cents. Total revenues dipped 8% to $447 million from $$485 million in the previous year. While EPS came in above the analysts' expectations of 3 cents, revenues were lower than the Wall Street predictions of $483.0 million.

For the downside risks, Mosaic Company shares witnessed more than 4% drop in the extended hours of trading on Tuesday after the company slashed its volume forecast for Q2 citing weak demand and delay in reaching deals with China and India. The company has reduced its potash volume to 1.3 - 1.4 million tones from 1.6 - 1.9 million tones, whereas phosphates volume guidance has been trimmed to 2.9 - 3.1 million tones from 3.0 - 3.4 million tones for Q2. However, the company sees price realization for potash to be at the higher end of $435 - $450 a tone guided earlier. Similarly, Mosaic expects to realize at the top end of its price range of $535 - $550 a tone for phosphates.

AMD is another company that could attract downside risks after the company clarified that it is not considering a sale either wholly or partly. The stock advanced during the normal hours of trading on Tuesday after Reuters had reported earlier in the day that AMD had engaged JPMorgan Chase to explore strategic options. This included sale of assets or patents or whole of the company. However, shares of the company slipped in the extended hours of trading on Tuesday after AMD's denial.

Zynga will likely also face selling pressures. The company revealed that its chief financial officer or CFO is leaving the company to join Facebook (FB). In his place, Zynga's chief accounting officer Mark Vranesh will take over the CFO position. The company also announced other executive changes. However, the company reaffirmed its 2012 financial forecast.

Similarly, UBIQUITI Networks disclosed that its CFO has resigned and the company is looking for a new CFO.

Meanwhile, MAKO Surgical (MAKO) is planning a public offering and it has appointed Piper Jaffray & Co as its sole manager for the offering. Following this news, shares of MAKO witnessed downside pressures in the extended hours trading on Tuesday.

Source: Wednesday Morning Digest: 7 Stocks To Watch For Intraday Trading