TradingMarkets 7 Stocks You Need to Know for Friday

A mild day in the markets as traders were preoccupied by advancing oil prices and a Goldman Sachs
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call for $85 crude by year’s end.

The Dow gained 74.96. The Nasdaq Composite added 24.10. And the S&P 500 ended the day up by 10.70.

Here are 7 Stocks You Need to Know for Friday.

Early reviews of the new smartphone, Pre, by Palm Inc.
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suggest that the device might be the most significant competition to the iPhone by Apple
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yet. Shares of Palm Inc. rallied to their highest levels in more than a year.

Intel
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announced on Thursday that it was acquiring Wind River Systems
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for $884 million.

Looking for its own piece of the smartphone market, Adobe Systems
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is redesigning its Flash software to make it compatible with smartphones as well as games and videos. The stock has closed higher for six out of the past eight trading days since closing above its 200-day moving average.

A bigger than expected decline in monthly same-stores sales helped keep retail stocks under pressure on Thursday, but traders managed to bid shares of retailers like Wal-Mart
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and Costco
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up from their worst levels of the day. Both stocks remain below their 200-day moving averages.

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