TradingMarkets 7 Stocks You Need To Know For Friday

The market rallied
again Friday–defying the shorts–
with
tech and financial issues leading the pack.
The
technical breakout continued, with the Dow is now up five days in a
row–and near a 4 1/2 year high–and the S&P 500 and Nasdaq are up six days in
a row. 
Intel
(
INTC |
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traded 80 million shares, up 0.48.

Google
(
GOOG |
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is adding a
click-to-call service that connects users with advertisers by phone. GOOG
closed at 422.86, +6.39.

Jobless claims for the week of 11/19 rose 30,000 to
335,000, more than expected.  Hurricane-related job losses were 21,000.
The 4-week moving average rose 1250 to 323,250. The Michigan Consumer
Sentiment Index
was 81.6 vs the 81 consensus. The Help Wanted Index
was 38 vs a 39 consensus.

Research in Motion
(
RIMM |
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Chart |
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PowerRating)
lowered
its Q3 subscriber additions forecast by 8%, citing delays in handset launches.

Sharper Image
(
SHRP |
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PowerRating)
missed by 0.03, reporting a 0.70 loss vs. a loss
of 0.24 last year.

A NYSE seat sold for $3.5 million, a new
record. Just last January, prices hit a nine-year low at $975,000.

 

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Friday is “Black Friday”– the day many
retailers go into the black for the year. Retail will certainly be in focus; I
can promise you CNBC will have reporters in malls surveying the shopping
situation. Here are a few stocks to watch:


Wal-Mart
(
WMT |
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.is
selling the new xbox.


As is Best Buy

(
BBY |
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Target
(
TGT |
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PowerRating)

is always a factor.


Amazon
(
AMZN |
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PowerRating)
.
Don’t forget about online sales this year.


Federated
(
FD |
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PowerRating)
.


Gap Inc.
(
GPS |
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PowerRating)
.


Home Depot
(
HD |
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Chart |
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PowerRating)
.
Can you recall a time you’ve been to a Home Depot when it wasn’t crowded?



Happy Thanksgiving
!

Brice Wightman

Be sure and vote in the
13th Annual

Stocks &
Commodities 2006 Readers’ Choice Awards

 

 

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