TradingMarkets’ 7 Stocks You Need To Know About For Friday
Stocks closed higher on Thursday,
boosted by a merger in the brokerage
industry and a good report from Pepsi. Energy is still in focus-–
crude rose 0.44 to close at $66.79.
ETrade
(
ET |
Quote |
Chart |
News |
PowerRating) is acquiring BrownCo for
$1.6 billion.
Pepsi
(
PEP |
Quote |
Chart |
News |
PowerRating) beat by 0.05 and guided
higher. The stock rose 1.44 to close at 56.50.
Final GDP for Q2 was 3.3%, inline. Jobless claims
for the week of 9/24 fell 79,000 to 356,000, a larger than expected decline.
Now, here are a few stocks to watch on Friday:
Micron
(
MU |
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Chart |
News |
PowerRating)
may rally from a pullback. At press time, they had not announced their earnings
yet. Look for (-0.08).
National Semiconductor
(
NSM |
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Chart |
News |
PowerRating) has an analyst meeting on Friday.
With Gulf oil production practically at zero,
it’s hard to imagine the oil service companies not continuing to do well.
American Express
(
AXP |
Quote |
Chart |
News |
PowerRating) may rally from a pullback. It bounced off its
50-day moving average.
A while back I mentioned this trendline on the
weekly chart of Intel
(
INTC |
Quote |
Chart |
News |
PowerRating). The stock hit that trendline this
week, and bounced a little.
Yellow Roadway
(
YELL |
Quote |
Chart |
News |
PowerRating) bounced, with some positive stochastic divergence.
Chiquita Brands
(
CQB |
Quote |
Chart |
News |
PowerRating) was mentioned a couple of days ago. It bounced today, and could
possibly continue.
SafeNet
(
SFNT |
Quote |
Chart |
News |
PowerRating)
got whacked on Thursday, but after the close the company announced it got a $150
contract from the Department of Defense. Bounce on Friday?
Brice Wightman