TradingMarkets 7 Stocks You Need to Know for Friday
Stocks rebounded on Thursday and will enter expiration Friday significantly less oversold than earlier in the week.
The Dow gained 46.43. The Nasdaq Composite ended the day up 25.02. And the S&P 500 added 9.15.
Here are 7 Stocks You Need to Know for Friday.
A report that American International Group
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PowerRating) would be spinning off its Asian insurance unit in an initial public offering (IPO) sent the stock soaring by more than 11%.
Announcing quarterly earnings before the bell on Friday, retailer Abercrombie & Fitch
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PowerRating) is expected to announce an EPS loss of 12 cents.
Also scheduled to report earnings before the markets open Friday morning is AngloGold Ashanti Ltd.
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PowerRating). The gold mining company is expected to report per share earnings of 43 cents.
In Wednesday’s TradingMarkets 7 Stocks You Need to Know, we noted the oversold condition in Ford Motor Company
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PowerRating), which reached oversold extremes after plunging more than 10%. Finishing the Wednesday in the green, the stock was up more than 6% intraday on Thursday.
Flat earnings encouraged traders and investors to sell shares of Wal-Mart
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PowerRating) on Thursday. The stock is again oversold below the 200-day moving average.
After closing lower for six out of the past seven sessions, Intel Corporation
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PowerRating) rallied by more than 3% intraday. Intel’s trading over the past week and a half is indicative of the selling that has characterized technology stocks. IBM
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PowerRating), for its part, continued to pull back above its 200-day moving average.
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