TradingMarkets 7 Stocks You Need to Know for Friday
Stocks started off the day on an up note, but within an hour the markets were headed into a steady downtrend that lasted for the duration of the session. The renewed selling has restored a small oversold bias to the markets in general, but particularly the Nasdaq.
The Dow ended the day down 88.81. The Nasdaq Composite lost 33.96. And the S&P 500 finished off 12.07.
Here are 7 Stocks You Need to Know for Friday.
Announcing earnings after the bell on Thursday, Dell
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PowerRating) beat analyst estimates by two cents. Quarterly revenues, by contrast, were less than expected.
Also announcing earnings after the market closed on Thursday was The Gap
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PowerRating). The Gap beat reported earnings per share that were two cents better than analysts had estimated.
Coeur d’Alene Mines
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PowerRating) reports quarterly earnings Friday morning before the market opens. Analysts are expecting an earnings per share loss of 0.01.
Also reporting earnings before the bell Friday morning is Interpublic
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PowerRating), which is expected announce EPS of 29 cents.
IBM
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PowerRating) advanced after reaffirming a profit forecast that was more optimistic than anticipated.
Yahoo
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PowerRating) reported that its chief financial officer, Blake Jorgensen will be leaving the internet search company. Jorgensen joined Yahoo! in the summer of 2007.
Goldman Sachs
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PowerRating) warned that the S&P 500 could fall to as low as 650 if home values continue to fall.
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