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There are six stocks that will attract the attention of investors when the market opens on Thursday. While two stocks are likely to see upticks in movement, there are at least four stocks with a potential downside risk. The market will be reacting to the company's financial results or guidance and other developments.

Qualcomm (NASDAQ:QCOM) should be the cynosure of investors for upside rewards. The growth in smartphones is driving the company's results and outlook favorably. Loral Space & Communications (NASDAQ:LORL) will also gain after a special distribution announcement.

For the downside risks, Universal Display (PANL) is likely to be a worst performer in Thursday's trading after it cut its fiscal 2012 revenue outlook. The company's stock was hammered by 30% in the extended hours of trading on Wednesday. Similarly, Monster Beverage (NASDAQ:MNST) delivered results below predicted Q3 results, while Whole Foods Market (NASDAQ:WFM) sees the hurricane Sandy impact in Q1 of fiscal 2013. GNC Holdings (NYSE:GNC) shares dipped 3% after it revealed the underwritten issue of 11.73 million shares.

There are three more stocks, namely, Continental Resources (NYSE:CLR), Concur Technologies (NASDAQ:CNQR) and Mondelez International (NASDAQ:MDLZ) worth watching on Thursday following their announcement of September quarter results and guidance after the extended hours trading closed on Wednesday.

Qualcomm reported net income of $1.27 billion or EPS of 73 cents for the fourth quarter, up from $1.06 billion or EPS of 62 cents. On an adjusted basis, profit for Q4 was $1.55 billion or EPS of 89 cents. Total revenues increased 18% to $4.87 billion from $4.12 billion in the last year. Both EPS and revenues were above Street expectations of 82 cents and $4.67 billion respectively.

Moving ahead, the company sees adjusted EPS of $1.08 - $1.16 and revenues of $5.6 - $6.1 billion for the first quarter. The outlook is higher than analysts' estimation of EPS of $1.00 and revenues of $5.29 billion. Similarly, for fiscal 2013 too, Qualcomm guided adjusted EPS to be $4.14 - $4.32 and revenues $23.0 - $24.0 billion, while Street analysts predict the company to earn EPS of $4.13 and revenues of $21.69 billion. The upbeat outlook will likely drive the stock up on Thursday morning. The stock advanced more than 8% in the after hours trading on Wednesday. The stock will continue its upward trajectory on Thursday.

Another stock to see an upward trajectory is Loral Space & Communications. The company announced a special distribution of $29 a share. The company is making the special distribution from the proceeds of sale of Space Systems/Loral, its former subsidiary. The amount will be payable to shareholders on December 4 to those shareholders of record on November 19.

For the downward trajectory, Universal Display will likely suffer investors' ire for the unexpected loss in Q4 and the downbeat outlook for full year 2012. The company suffered a net loss of $5.5 million or a loss of 12 cents a share compared to a profit of $6.0 million or EPS of 12 cents. The company generated revenues of $12.5 million, down from $21.8 million in the year-ago quarter. Street analysts estimated Universal Display to earn a profit of 5 cents a share and revenues of $18.87 million.

Looking forward, the company has reduced its revenue forecast to $80 - $82 million for full year 2012 from $90 - $110 million. This is lower than the Wall Street predictions of $99.79 million. Following this, investors hammered the stock after the normal markets closed on Wednesday.

Monster Beverage is another stock to watch out for downward risks on Thursday's trading. The company's profit grew 4.6% to $86.1 million in Q3 from $82.4 million, while EPS rose 6.1% to 47 cents from 44 cents in the last year. Net sales advanced 14.2% to $541.9 million from $474.7 million. Both EPS and revenues were lower than analysts' expectations of 55 cents and $578.48 million, respectively.

Meanwhile, GNC Holdings will see downside pressure for a different reason. The company disclosed that an underwritten issue of 11.73 million shares of its Class A shares would be divested by the Ares Corporate Opportunities Fund and Ontario Teachers' Pension Plan Board. As a result, the stock witnessed a 3% fall in the extended hours of trading on Wednesday.

One more company, Whole Foods Market, will also likely to see the downward trajectory on Thursday's trading following its warning on Hurricane Sandy's impact. The company's profit increased to $112.73 million or EPS of 61 cents from $75.48 million or EPS of 42 cents in the year-ago quarter. Sales grew 23.8% to $2.91 billion from $2.35 billion. While EPS came in above analysts' predictions of 60 cents, revenue was in line with the Street consensus of $2.91 billion.

However, Whole Foods Market warned that it will record a charge for the impact of Hurricane Sandy in Q1 of fiscal 2013. The company expects EPS to be $2.83 - $2.87 for fiscal 2013 and sales growth between 12% and 14% in a 52 week comparable basis. The fiscal year 2012 had 53 weeks. Including the effect of an additional week, sales are guided 10% - 12%. Analysts are expecting the company to earn $2.90 a share and revenue growth of 12.5%.

Source: Thursday Morning Digest: 6 Stocks To Watch For Intraday Trading