TradingMarkets 7 Stocks You Need to Know for Friday: EBAY, VZ, AMZN, NFLX, HD, CAT, QCOM
Stocks are again largely rangebound, neither overbought nor oversold in most instances. Financials like ^BAC^ remained under pressure, continuing to sell-off below the 200-day moving average. Meanwhile technology stocks from ^GOOG^ to ^AAPL^ continue to make new highs.
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Here are 7 Stocks You Need to Know for Friday.
Gapping up by more than 7% on Thursday, ^EBAY^ ended a volatile session virtually where the stock opened.
Shares of ^VZ^ (below) rallied to trim losses after pulling back by more than 1% on Thursday intraday.
The telecommunications company, which reports quarterly earnings on Friday, has closed lower for three out of the past five days. The stock has been rangebound for most of this period.
A gain of more than 4% helped send shares of ^AMZN^ to new highs on Thursday. The stock reported better than expected quarterly earnings after the bell on Thursday.
Shares of ^NFLX^ soared by more than 12% in trading on Thursday. The bounce higher represented the stock’s highest close ever.
^HD^ (below) continues to follow-through to the upside, gaining well over 3% on Thursday.
HD had pulled back into oversold territory earlier in the week. Thursday’s bounce is the stock’s second higher close since pulling back for seven straight trading days.
Down four out of the past six trading days were shares of ^CAT^ (below).
Pulling back by well over 1% on Thursday, CAT closed at its lowest levels in more than three weeks.
Shares of ^QCOM^ have closed lower for five out of the past six trading days, including a drop of nearly 1% on Thursday.
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David Penn is Editor-in-Chief at TradingMarkets.com.