Friday Morning Coffee with TradingMarkets

Good Morning!

Stocks Sell Off Late on Thursday … Asian Stocks Higher Overnight … Big Three Automakers Fail to Sway Congress Toward Loan Assistance … Recession Drives Oil Prices Lower … Big Lots, Blyth Industries, Brown-Forman Report Earnings Today

If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!

TradingMarkets 7 Stocks You Need to Know for Friday

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

  • General Motors
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    , Ford Motor Company
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    , and Chrysler appeared before Congress on Thursday in an effort to secure billions in bridge loans and other financial assistance.

  • Struggling to combat declining sales with job cuts and spending restraint, Merck & Company
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    warned that profits in 2009 may be less than expected.

  • Nokia
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    hopes to gain market share in the otherwise shrinking handset market.

  • AT&T
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    and DuPont
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    were among the companies announcing plans to cut thousands of jobs. AT&T alone announced jobs cuts that will amount to 4% of its overall workforce.

  • Big Lots
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    reports quarterly earnings Friday morning before the market opens. Analysts are expecting EPS of 16 cents.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
ProShares UltraShort Financials ETF SKF 7
Interdigital Inc. IDCC 7
ProShares UltraShort Consumer Svcs SCC 7
Tompkins Financial Corporation TMP 7
Nash-Finch Company NAFC 6

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