TradingMarkets 7 Stocks You Need to Know for Friday
The correction in the market continues to create oversold conditions in a wider variety of stocks trading above and below their 200-day moving averages. Light trading volumes in advance of the Memorial Day holiday weekend (U.S. markets will be closed on Monday) are expected on the final trading day of the week.
The Dow lost 129.91. The Nasdaq Composite fell 32.59. And the S&P 500 closed lower by 15.14.
Here are 7 Stocks You Need to Know for Friday.
Among the few companies reporting earnings on the Friday before the Memorial Day holiday weekend, Campbell Soup
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PowerRating) is expected to announce per share earnings of 42 cents. The stock pulled back for a second day below its 200-day moving average on Thursday.
Down more than 3% intraday on Thursday, shares of Amazon.com
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PowerRating) pulled back toward their 200-day moving average. Also pulling back among Nasdaq stocks above their 200-day moving averages was Apple
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PowerRating), off more than 2% during the trading day.
General Motors
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PowerRating) and the United Auto Workers union announced on Thursday that they had reached an agreement on major health care issues for workers and retirees. Shares of GM were up more than 32% on Thursday, closing higher below their 200-day moving average for a fourth consecutive session.
After closing higher for five consecutive trading days and rallying above its 200-day moving average, Coca Cola
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PowerRating) pulled back toward its 200-day moving average on Thursday. The other Dow stock pulling back toward its 200-day moving average is IBM
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PowerRating), which closed lower for a second day but well off its intraday lows.
Gold stocks continue to be in demand among traders in recent days. Closing higher for a third day in a row were shares of Anglogold Ashanti Ltd.
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PowerRating), which were up more than 4% intraday.
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