TradingMarkets 7 Stocks You Need to Know for Friday
Worse than expected jobless claims and weak manufacturing numbers sent stocks into a downward spiral today. Goldman Sachs added to the carnage by removing Microsoft from their conviction buy list citing earnings concerns. Even potential buy out news of Comcast pursuing a 50% stake in entertainment kingpin NBC Universal failed to stir the bulls from hiding. The fear index VIX spiked over 10% as extreme nervousness reentered the market during the session. The DJIA sunk 203.00, the tech heavy Nasdaq gave up 64.94 and the broad based S&P 500 dropped 27.23.
Here are 7 stocks you need to know for Friday.
Cable giant Comcast
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CMCSA |
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PowerRating) is considering purchasing a 50% stake in NBC Universal hinging on Vivendi SA deciding to sell its 20% share.
BAE Systems
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PowerRating), the world’s second largest defense contractor, is in deep trouble with UK prosecutors on corruption charges.
Metavante Technologies
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MV |
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PowerRating) will be removed from the S&P 400 and replaced by Solera Holdings
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SLH |
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PowerRating).
Lockheed Martin
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LMT |
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PowerRating) was awarded a $28.1 million dollar contract from the U.S. Airforce to provide the Iraqi Air Force situational awareness technology.
Morgan Stanley
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MS |
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PowerRating) beat out Goldman Sachs
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GS |
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PowerRating) as the number one Mergers & Acquisitions firm in the United States.
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