Friday Morning Coffee with TradingMarkets

November 7, 2008
David Penn

Good Morning!

Stocks Sell-off for a Second Day … October Retail Sales Slump … Bank of England, ECB Cut Rates to Fight Recession … President Elect Obama to Hold Press Conference Following Meeting with Volcker, Buffett … General Motors, Ford, Sprint Nextel Report Earnings Today

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TradingMarkets 7 Stocks You Need to Know for Friday

Here are 7 stocks for traders for Friday from TradingMarkets.com:

Walt Disney
(
DIS |
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PowerRating) missed analyst earnings estimates by 6 cents in its earnings report Thursday after the close. Revenues were higher than expected.

Shares of Las Vegas Sands
(
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PowerRating) plummeted by more than 30% after the casino resort company warned that it might default on some of its loans if it is unable to raise capital.

Loan repayment troubles also helped steer investors and traders away from DryShips Inc.
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DRYS |
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PowerRating), which lost more than 20% on Thursday.

Reporting quarterly earnings before the market opens on Friday, Sprint Nextel
(
S |
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PowerRating) is expected to announce EPS of 0.03.

Fears of a consumer slowdown led Citigroup to downgrade Amazon.com
(
AMZN |
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PowerRating) from “buy” to “hold” on Thursday.

Analysts are expecting Ford Motors
(
F |
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PowerRating) to report an EPS loss of 93 cents when it reports quarterly earnings Friday morning before the bell.

General Motors
(
GM |
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PowerRating) reports quarterly earnings Friday during market hours. Analysts are expecting earnings per share loss of 3.51.

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company	Symbol	PowerRatings
Ultratech Inc.	UTEK	8
Usana Health Sciences Inc.	USNA	8
Northwest Natural Gas Company	NWN	8
CSG Systems International Inc.	CSGS	8
Integral Systems Inc.	ISYS	8