Google Misses, Buyers Return to Oil and Goldman Trades Lower: 7 Stocks You Need to Know for Friday

Buying continued to return to oil and gas stocks in the second half of the week as oil prices have begun to recover and oversold conditions in many of these stocks attract buyers back to the market.

Increased political pressure on Goldman Sachs only adds to the recent woes for financial stocks. Financials continue to be among the weaker sectors in the stock market heading into week’s end, and note that Bank of America is scheduled to announce quarterly earnings before the bell Friday morning.

Here are 7 Stocks You Need to Know for Friday

^GOOG^ reported quarterly earnings that missed analyst estimates in terms of earnings, though revenues were better than expected. The stock was lower by more than 4% in afterhours trading immediately after the announcement.

Shares of ^WMB^ (below) rallied into strength, closing higher by over 1% ahead of trading on Friday.

WMB chart

The stock had closed lower for four days in a row – the last two in oversold territory above the 200-day moving average – leading into Thursday’s bounce.

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After closing lower for three out of four trading days, shares of ^GS^ (below) slid below their 200-day moving average on Thursday.

GS chart

The correction in GS comes as the company faces allegations of misleading Congress by Senator Carl Levin of Michigan.

Buyers continued to move into less volatile stocks like ^KFT^, which has closed higher for four days in a row and is very overbought above the 200-day moving average.

^BAC^ closed below its 200-day moving average again in Thursday’s session. The company is scheduled to report quarterly earnings before the market opens on Friday.

After closing higher for three days in a row, shares of ^DELL^ (below) plunged by more than 3%.

DELL chart

DELL remains in neutral territory despite the sell-off and closed above its 5-day moving average on Thursday.

Buyers were especially aggressive in oversold energy shares heading into the final trading day of the week. Up more than 2% to close back above its 5-day moving average on Thursday were shares of ^NBR^.

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David Penn is Editor in Chief of TradingMarkets.com