TradingMarkets 7 Stocks You Need to Know for Friday

Stocks finished lower after a volatile trading day, as traders took profits in the wake of a two-day rally in the S&P 500 and Dow industrials.

The Dow closed down 205.67. The Nasdaq Composite finished Thursday lower by 4.17. And the S&P 500 ended off 16.88.

Here are 7 Stocks You Need to Know for Friday

Eli Lilly (LLY | Quote | Chart | News | PowerRating) trained and encouraged its sales force to minimize the side effects of its schizophrenia treatment, Zyprexa, according to documents filed in lawsuit against the pharmaceutical company.

General Motors (GM | Quote | Chart | News | PowerRating) reports earnings Friday morning before the opening bell. Analysts are expecting an earnings per share loss of $2.63.

Bristol-Meyers Squibb (BMY | Quote | Chart | News | PowerRating) announced its intention to buy those shares of ImClone Systems (IMCL | Quote | Chart | News | PowerRating) that it does not already own for just over $4.3 billion. ImClone shares soared on the news.

Jobs cuts and surprisingly strong sales led to a $0.05 earnings beat from Motorola (MOT | Quote | Chart | News | PowerRating) on Thursday.

Against a backdrop of downtrending prices for crude oil, Exxon Mobil ]XOM|XOM] reported earnings on Thursday that were less than expected. Chevron (CVX | Quote | Chart | News | PowerRating) reports earnings Friday before the market opens. Analysts are expecting EPS of 3.03.

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