TradingMarkets 7 Stocks You Need to Know for Friday
Extreme volatility caused stocks to swoon intraday before soaring into the close. The Nasdaq closed higher by more than 5%.
The Dow advanced by 401.35. The Nasdaq Composite gained 89.38. And the S&P 500 finished Thursday up 38.59.
Here are 7 Stocks You Need to Know for Friday.
Citing “macroeconomic conditions,” Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating) lowered its price target for shares of Amazon.com
(
AMZN |
Quote |
Chart |
News |
PowerRating) on Thursday. After moving lower, AMZN rallied to close higher by more than 3%.
Steve Ballmer, CEO of Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) said on Thursday that a deal to acquire Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating) still may make “economic sense.” Shares of Yahoo were up by more than 10% on the day.
Reporting earnings before the bell Friday morning, Schlumberger
(
SLB |
Quote |
Chart |
News |
PowerRating) is expected to report earnings per share of 1.25.
Merrill Lynch
(
MER |
Quote |
Chart |
News |
PowerRating) upgraded Archer Daniels Midland
(
ADM |
Quote |
Chart |
News |
PowerRating) from “hold” to “buy”, citing the company’s increased cash flow due to the pullback in commodity prices.
Do you think Archer Daniels Midland will be Up or Down on Monday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 by correctly guessing the direction of a stock!