TradingMarkets 7 Stocks You Need to Know for Friday: FDX, DFS, LVS, WYNN, FCX, AXP, ORCL

Strength in energy stocks helped offset widespread selling among financial stocks. ^CVX^ closed higher by 1% and shares of ^XOM^ were up after pulling back for the past two days.

Among the financial stocks pulling back ahead of the final trading day of the week were credit card issuers like ^V^ and ^MA^. Shares of Visa fell by more than 12%, closing below their 200-day moving average for a second consecutive session. Three down days in a row have taken Mastercard back below its 200-day for the first time since rallying above that level in October.

Here are 7 Stocks You Need to Know for Friday.

A positive outlook trumped an earnings miss for traders in ^FDX^. The company reported quarterly earnings on Thursday, ending the session higher by more than 2%. The stock had pulled back for the two days leading into Thursday’s scheduled earnings announcement.

In addition to Visa and Mastercard noted above, shares of ^DFS^ (below) also came under significant selling on Thursday.

DFS chart

Importantly, unlike both Visa and Mastercard, the pullback in DFS has made the stock oversold above the 200-day moving average rather than below it.

Have you seen The Machine? The Machine is the first financial software that lets traders and investors build quantified portfolios of backtested mean reversion and trend-following strategies. If you own an IRA or manage investments in excess of $100K, then you owe it to yourself to attend the next free, online presentation on The Machine by TradingMarkets founder and CEO, Larry Connors. To learn more and to save your spot, click here.

Up more than 7% after a four-day pullback into oversold territory are shares of ^LVS^.

Also up big from the group after an extended pullback were shares of ^WYNN^ (below).

WYNN chart

WYNN closed higher by more than 4%, gaining for a second day after pulling back for nine straight days.

Profit-taking in ^FCX^ continued for a third straight session on Thursday. The stock closed at its most oversold since mid-November.

Closing lower for a third day in a row were shares of ^AXP^ (below) ahead of trading on Friday.

AXP chart

AXP has been trading above its 200-day moving average since the beginning of November and just recently closed at its highest level since the spring.

Shares of ^ORCL^ pulled back for a second day on Thursday ahead of the company’s scheduled earnings report after the bell.

With 16 backtested strategies for trading bull markets, bear markets and sideways markets, Short Term Trading Strategies That Work by Larry Connors and Cesar Alvarez may be the most important trading book you read this year. Click here to order your copy of Short Term Trading Strategies That Work today.

David Penn is Editor in Chief of