TradingMarkets 7 Stocks You Need to Know for Friday
Stocks rallied on Thursday, though they closed off their intraday highs, as Wall Street was buoyed by the likelihood of a bailout plan emerging from Congress in the coming days.
The Dow gained 196.89. The Nasdaq Composite closed ahead by 30.89. And the S&P 500 ended the day up 23.31.
Here are 7 Stocks You Need to Know for Friday.
Sales from the Olympics continued to support earnings at Nike Inc.
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PowerRating), which beat analyst estimates by more than a dime this week.
Research in Motion
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PowerRating) reported quarterly earnings Thursday after the close that missed analyst expectations by one cent.
Among the financial stocks moving higher on Thursday were JP Morgan Chase & Company
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PowerRating), up more than 7% on the day. Among those moving lower were Washington Mutual
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PowerRating) which continues to search for a bidder for all or part of the savings and loan. WaMu was down more than 25%.
McDonalds
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PowerRating) announced that it was increasing its quarterly dividened by 33% to 50 cents per share.
Pilgrim’s Pride Corporation
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PowerRating) plunged by nearly 40% as the company announced that it would report significant losses for its fourth quarter.
Weakness in its financial services division led General Electric
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PowerRating) to lower its profit forecast and suspend its share buyback program.
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