TradingMarkets 7 stocks you need to know for Friday
Stocks were trounced Thursday
in a triple-digit selloff after several large cap stocks came in with
worse-than-expected earnings. Trading
curbs were in effect near the close. Not even lower crude, which fell for a
third straight day, could help bolster stocks. Crude oil fell below $60 intraday
and closed at $61.03, the lowest level since July.
Pfizer
(
PFE |
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beat by 0.03, but guided below consensus and withdrew its 2006-2007 guidance. (story)
Ford
(
F |
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missed by a penny. (story)
Not all the earnings news was gloomy, though.
Amgen (AMGN)
beat by 0.03 and reaffirmed FY 2005 $3.10 – $3.20.
Eli Lilly
(
LLY |
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guided lower. (story) Coca-Cola
(
KO |
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rose 37% to $1.28 billion. McDonald’s
(
MCD |
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in-line. (story)
EBay
(
EBAY |
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Now, here are a few stocks to watch on Friday:
Google
(
GOOG |
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reported 1.51, beating by 0.16 and beat on revenues at $1.08 billion. This was
the first time the company provided pro-forma numbers.
Xilinx
(
XLNX |
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PowerRating) beat by 0.02. Revenues were lighter than expected at.
Sandisk
(
SNDK |
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Caterpillar
(
CAT |
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is expected to report $1.06 before the open Friday.
Weyerhauser
(
WY |
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is also expected to report before the open. Look for 0.98.
Look for Xerox
(
XRX |
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before the bell.
Capital One
(
COF |
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by 0.15.
Finally, here are more selected
earnings after the close Thursday: Genesis Microchip
(
GNSS |
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0.10. Cohu
(
COHU |
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Cree Research
(
CREE |
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PowerRating) beat by 0.02. California Micro Devices
(
CAMD |
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beat by 0.03. Scientific Atlanta
(
SFA |
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Computer
(
MRCY |
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PowerRating) beat by 0.06. Trimble Navigation
(
TRMB |
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PowerRating) beat by
0.04 but was light on revenues and guided lower.
Brice Wightman