Thursday, August 07, 2008

7 Stocks you need to know for Friday

Intel (INTC | Quote | Chart | News | PowerRating), Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) and SanDisk (SNDK | Quote | Chart | News | PowerRating) gained more than 3%, 4% and 6% respectively on Thursday as traders continued to bid technology stocks higher.

American International Group (AIG | Quote | Chart | News | PowerRating) reported its third straight quarterly earnings loss on Thursday. The stock, which had been moving higher, fell by more than 18%.

Citigroup (C | Quote | Chart | News | PowerRating) agreed to spend $7 billion to buy back auction rate securities it had sold to individuals and small businesses as part of a settlement with the Securities and Exchange Commission.

Fannie Mae (FNM | Quote | Chart | News | PowerRating) reports earnings Friday morning before the market opens. Analysts are expecting a loss of $0.69 per share.

Shares of Wal-Mart (WMT | Quote | Chart | News | PowerRating) lost more than 6% on Thursday after reporting lower than expected same stores sales.

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