TradingMarkets 7 Stocks You Need to Know for Friday
Stocks were hammered a day after the Fed announced its decision to keep the Fed funds rate at 2%. Oil soared to a new record of more than $140 a barrel.
The Dow lost 358.41. The Nasdaq Composite fell 79.89. And the S&P 500 closed lower by 38.82.
Here are 7 Stocks You Need to Know for Friday
Bed Bath and Beyond
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PowerRating) bounded higher by more than 4% on the announcement that profits were not as bad as expected given the retrenchment in consumer spending.
Missing revenue and earnings estimates and disappointing analysts with its forecast, Blackberry-maker Research in Motion
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PowerRating) lost more than 13% in trading on Thursday.
The Wall Street Journal reported that Anheuser Busch
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BUD |
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PowerRating) intends to reject the $46.3 billion unsolicited bid from the Belgian brewer, InBev.
Goodyear Tire and Rubber
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PowerRating) plunged 11% on the news that the company would spend more than $1 billion a year on plants and equipment.
Goldman Sachs suggested that Citigroup
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C |
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PowerRating) may have to write down an additional $8.9 billion for the second quarter. Citigroup was down 6% on the day.
KB Home
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PowerRating) announces earnings Friday before the bell, with analysts expecting a loss of $0.94 per share.
An Olympic year marketing push continues to weigh on Nike
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PowerRating) and its bottom line. The sporting goods company beat analyst estimates but warned of a challenging consumer environment in the U.S.
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