TradingMarkets 7 Stocks You Need to Know for Friday
The free market rebelled against Obama’s plan to mitigate risk taking at banks. Stocks fell sharply on the session despite positive earnings at several major names. The Obama led plan would prevent banks from investing as they see fit in hedge and private equity funds. It would also ban proprietary trading at the institutions. The VIX index soared on the news with option activity forecasting an over 70% volatility gain in the near future. The DJIA fell 213.27, the Nasdaq gave back 25.55, and the S&P 500 dropped 21.56.
Here are 7 stocks you need to know for Friday.
^GOOG^ reported fourth quarter sales that missed some analysts estimates. However, advertising sales climbed neared $2 billion for the first time.
Dow stalwart, ^GE^, announces before the bell with a forecast EPS of 26 cents.
The real king of burgers, ^MCD^, has a consensus estimate of $1.02/share prior to the open.
A loss of 33 cents is projected for iconic American motorcycle maker ^HOG^ before the open.
^SLB^ announces before the bell with a forecast EPS of 63 cents.
^KMB^ has analysts awaiting an EPS of $1.23 before the market opens.
85 cents/share is the estimated figure for ^EXC^ prior to the bell.