7 Stocks you need to know for Friday
The Dow fell 6.77. The Nasdaq
Here are 7 Stocks You Need to Know for Friday.
Abercrombie & Fitch (ANF | Quote | Chart | News | PowerRating) reports quarterly earnings Friday morning before the market opens. Analysts are expecting EPS of 1.00.
Also reporting earnings on Friday before the bell is PepsiCo (PEP | Quote | Chart | News | PowerRating), which is expected to announce earnings per share of 88 cents.
A number of restaurants reported earnings after the bell on Thursday including Cheesecake Factory (CAKE | Quote | Chart | News | PowerRating) which announced EPS of 15 cents, beating analyst estimates by a penny.
Wells Fargo (WFC | Quote | Chart | News | PowerRating) announced after the close on Thursday that it was taking a charge of more than $320 million and cutting 2008 earnings per share by five cents.
Blaming the weak global economy and botched acquisition deals, Dow Chemical (DOW | Quote | Chart | News | PowerRating) announced that it was cutting its dividend for the first time in more than 90 years.
What stocks were advancing on Thursday? Coca Cola (KO | Quote | Chart | News | PowerRating) gained more than 7% after reporting earnings that were not as bad as feared on Thursday. Also higher on the day was Valero Energy Corporation (VLO | Quote | Chart | News | PowerRating), which had its target price raised by Goldman Sachs to $25 from $18.
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