TradingMarkets 7 Stocks You Need to Know for Friday
Stocks closed higher on Thursday, continuing the largely sideways churning that has characterized the markets for the past several days.
The Dow closed up 81.58. The Nasdaq Composite ended higher by 22.96. And the S&P 500 finished ahead by 8.70.
Here are 7 Stocks You Need to Know for Friday.
Toyota Motor Corporation
(
TM |
Quote |
Chart |
News |
PowerRating) announced plans to make its popular hybrid car, the Prius, in the United States. Toyota closed marginally higher by a little over 1%.
Shares of Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) soared on record prices for aluminum brought about by a decision by smelters in China to reduce output. The stock was higher by more than 9% on the day.
Federal income tax rebates were credited for boosting June sales for retailers such as Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) and Costco
(
COST |
Quote |
Chart |
News |
PowerRating). Both stocks ended Thursday lower by less than 2%.
Speculation that Fannie Mae
(
FNM |
Quote |
Chart |
News |
PowerRating) and Freddie Mac
(
FRE |
Quote |
Chart |
News |
PowerRating) may ultimately need to be bailed out by the Federal government encouraged further selling by investors and traders on Thursday. Fannie Mae was down by more than 13%. Freddie Mac plunged more than 22%.
Dow Chemical
(
DOW |
Quote |
Chart |
News |
PowerRating) made its largest acquisition ever in buying chemical company Rohm & Haas for $18.8 billion – including financing from Berkshire Hathaway and the Kuwait Investment Authority. Dow Chemical ended Thursday lower by more than 4%.
Do you think Dow Chemical will be Up or Down on Monday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!