TradingMarkets 7 Stocks You Need to Know for Friday

Stocks finished broadly higher on Thursday, buoyed by strong jobs data. The S&P 500 was the percentage leader on the day.

The Dow industrials finished the day up by 213.97. The Nasdaq Composite closed ahead by 46.80. And the S&P 500 was higher by 26.85 going into Thursday’s close.

Here are 7 Stocks You Need to Know for Friday

Strong same store sales were the case for two of America’s most popular retailers in Wal-Mart
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and Costco
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where consumers took advantage of affordable pricing for fuel, food and pharmaceuticals.

Confirmation that Verizon
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would indeed buy Alltel for $28.1 billion drew investors and traders to the stock, bidding it higher by more than 5% going into the close on Thursday.

UBS
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bounded higher by more than 6% on news that the company was getting out of the municipal bond business. The bank’s inability to find a buyer means that 280 workers will also be let go.

Rising sales on declining profits were not the combination investors and traders of Smithfield Foods
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were hoping for. The disappointment led to a 6% correction in the stock in Thursday’s trading.

Strong profits in the fourth quarter and for the year did little to mend investor disappointment over Del Monte’s
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warning of a less profitable 2009. The stock plunged more than 11% on Del Monte’s news.

Overseas demand for steel encouraged Nucor
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to raise its profit target for the current quarter. Shares of the steelmaker were higher by more than 8% on Thursday.

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