TradingMarkets 7 Stocks You Need to Know for Friday: C, GOOG, JPM, YUM, MAT, NFLX, WMB

  • July 14, 2011
  • David Penn

Even with stocks selling off ahead of the final trading day of the week, positive earnings news after the bell from Google will help set the market’s tone when trading begins on Friday.  Overall, the market is set to open Friday morning short-term oversold.

Here are 7 Stocks You Need to Know for Friday

Shares of ^GOOG^ bounced in afterhours trading as the company’s earnings report was better than anticipated. The stock had sold off by well over 1% ahead of the earnings announcement after the bell on Thursday.

^JPM^ reported quarterly earnings on Thursday that were better than analyst expectations. The stock gained more than 1% below the 200-day moving average, but is not yet technically overbought below that level.

Both Google and JP Morgan were among the stocks highlighted in yesterday’s 7 Stocks You Need to Know.

Also reporting earnings on Thursday, ^YUM^ finished up more than 1% and back in overbought terrritory above the 200-day.

^C^ closed lower by more than 1% and at fresh 10-day lows ahead of its scheduled earnings announcment on Friday. The stock is down nearly 9% since its last overbought close below the 200-day on the first day of July. 

Shares of ^NFLX^ pulled back by more than 4% ahead of trading on Friday. The retreat in NFLX takes the stock to the lower end of a short-term, week-long trading range. 
What’s up on a down day? A handful of energy companies were able to close higher for a second day in Thursday’s session. Included among these stocks is ^WMB^, which closed above its 5-day moving average for the first time in a week. 
Pulling back to a new 10-day low above the 200-day moving average are shares of ^MAT^. Mattel Inc. is among the companies scheduled to announce quarterly earnings on Friday.
Click here to get 7 Stocks You Need to Know delivered for free every evening after the market closes.
 

David Penn is Editor in Chief of TradingMarkets.com