Stocks to watch on Wednesday STOCKS to watch on the Australian stock exchange on Wednesday, July 24: Struggling surfwear retailer Billabong has sold another of its brands and completed a $325 million bridge loan in order to pay off looming debts. FMG - FORTESCUE METALS - down 6.0 cents, or 1.6 per cent, at $3.62 Iron ore miner Fortescue is optimistic Chinese demand for steel will remain strong enough to keep the iron ore price well above $US100 a tonne. FUN - FUNTASTIC - down 0.5 cent at 17.5 cents OSH - OIL SEARCH - down 21 cents, or 2.6 per cent, at $8.02 Oil and gas producer Oil Search's revenue has fallen due to lower production and weaker crude oil prices.