TradingMarkets 7 Stocks You Need To Know For Friday
Stocks slid for a third
straight day, with
General Motors
(
GM |
Quote |
Chart |
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PowerRating) and weak economic data dragging down the Dow by triple
digits. GM shares fell after the company announced it was subpoenaed
by the SEC in an accounting investigation. GM said rumors it may be filing for
bankruptcy are “absolutely untrue.”
On the economic front, Durable goods orders
for September fell 2.1%, more than forecast; ex-aircraft it fell 1.2%.
Jobless claims for the week ending 10/22 of fell 28,000 to 328,000; the
4-week moving average fell 10,000 to 366,500. Approximately 24,000 claims were
from workers displaced by the recent hurricanes. New home sales rose 2.1%
to 2.22 million units, less than expected.
Now, here are a few stocks to watch on Friday:
Microsoft
(
MSFT |
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Chart |
News |
PowerRating) beat by a penny but
revenues were on the light side at $9.74 billion.Â
KLA-Tencor
(
KLAC |
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Chart |
News |
PowerRating) beat by 0.02 and beat on revenues.Â
THQ Inc
(
THQI |
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Chart |
News |
PowerRating) beat expectations,
reporting a (0.02) loss vs the (0.06) expected.
Gateway
(
GTW |
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News |
PowerRating) reported 0.04, beating by a penny and swinging to a Q4
profit.
Anadarko Pete
(
APC |
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News |
PowerRating) is scheduled t
report $2.87 before the bell Friday.
Baker Hughes
(
BHI |
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Chart |
News |
PowerRating) is expected to
report before the open; look for 0.67.
Bristol Myers
(
BMY |
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Chart |
News |
PowerRating) also reports
before the bell; look for 0.33.
Brice Wightman
Â