TradingMarkets 7 Stocks You Need to Know for Friday
Stocks closed higher on Thursday, with the Dow, Nasdaq and S&P 500 all ending the day up by more than 2%.
The Dow closed higher by 189.73. The Nasdaq Composite gained 41.31. And the S&P 500 finished the day up 24.00.
Here are 7 Stocks You Need to Know for Friday.
Reporting quarterly earnings Friday morning before the market opens, Chevron
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PowerRating) is expected to announce EPS of 3.25.
New York Senator Charles Schumer is reportedly challenging a rule that would otherwise allow Wells Fargo
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PowerRating) to acquire Wachovia
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PowerRating). Schumer is a member of the Senate Banking Committee.
Clorox
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PowerRating) reports earnings Friday morning before the bell. Analysts are expecting earnings per share of 0.84.
A report from accounting firm Grant Thornton LLC suggested that a merger between General Motors
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PowerRating) and Chrysler could cost as many as 74,000 jobs. The report further indicated that a tentative deal between the two automakers was likely before the November 4th presidential election.
In additional job-cutting news, Motorola
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PowerRating) announced that it would likely cut up to 3,000 jobs – most of which would come from the company’s mobile phone unit.
American Express
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PowerRating) announced that it would eliminate 7,000 jobs and implement a hiring freeze in an effort to cut costs.
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