TradingMarkets 7 Stocks You Need To Know For Friday
Stocks sold off in the last hour of trading to close
lower Thursday. The Dow showed relative strength, with
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) gaining 2% after sinking
to a 20-year low, and
Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) gaining 1% after Morgan
Stanley raised its price target on the company to $38. MRK’s
PowerRating is 6.
The S&P closed near its lows for December.
Existing home sales fell to an 8-month low,
with the number of houses still on the market at the highest levels since 1986.
The National Association of Realtors said home sales
fell 1.7% to a 6.97 million annualized rate.
Crude oil closed over
$60/barrel. Natural gas fell 3%.
Learning Tree
(
LTRE |
Quote |
Chart |
News |
PowerRating)
guided lower for Q4.Â
Marathon Oil
(
MRO |
Quote |
Chart |
News |
PowerRating),
ConocoPhillips
(
COP |
Quote |
Chart |
News |
PowerRating) and
Amerada Hess
(
AHC |
Quote |
Chart |
News |
PowerRating) said they
will return to their Libyan oil exploration and production operations.
MRO’s
PowerRating is 6, COP’s
PowerRating is 5.
AHC’s
PowerRating is 6.
Luby’s
(
LUB |
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Chart |
News |
PowerRating)
posted better-than-expected profits, swinging into the black as compared with
a year ago.
Building Materials
(
BMHC |
Quote |
Chart |
News |
PowerRating)
fell to its 200-day moving average on Thursday and could bounce. Â
BMHC’s
PowerRating is 7.
BTU International
(
BTUI |
Quote |
Chart |
News |
PowerRating)
said they received orders worth $1.4 for solar cell production equipment.Â
BTUI’s
PowerRating is 6.
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Brice Wightman