TradingMarkets’ 7 Stocks You Need To Know About For Friday
Stocks rose Thursday after Rita was downgraded to a Category 4 hurricane and oil prices fell. Crude fell
to $66.50/barrel.
Jobless claims rose 8,000 to 432,000–the
highest level since July 2003. The Conference Board’s index of leading
indicators fell 0.2% in August
After the close, 3Com
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COMS |
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PowerRating) reported
0.11, ex-items, and guided higher. PalmOne
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PALM |
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PowerRating) beat by 0.04 and
issued in-line guidance. The stocks traded lower after hours.
ElectroScientific
(
ESIO |
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SBUX |
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announced an additional 5 million share stock buyback. Alcoa
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AA |
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guided lower and now sees $0.27 – $0.31 vs. the consensus $0.44. Tibco
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TIBX |
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beat by a penny. Lockheed Martin
(
LMT |
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PowerRating) increased the amount of their
share repurchase program, adding 45 million shares. The company also boosted its
dividend 20% to $0.30. Electroglas
(
EGLS |
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PowerRating) beat by 0.13.
Now, here are a few stocks to watch on Friday:
Building Materials
(
BMHC |
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Refiners like Tesoro
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TSO |
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be a focus.
You can see what Florida Rock
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FRK |
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did after Katrina…
Home Depot
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HD |
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had a good volume day.
Fluor
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FLR |
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may rally from this pullback.
Starbucks
(
SBUX |
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PowerRating) announced an
additional 5 million share stock buyback.
UBS started coverage on Bed Bath & Beyond
(
BBBY |
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PowerRating) with a Buy–target $52.
Brice Wightman