Friday, June 19, 2009

7 Stocks you need to know for Friday

The Dow ended the day up 58.42. The Nasdaq Composite lost 0.34. And the S&P 500 finished up 7.66.

Here are 7 Stocks You Need to Know for Friday.

Research in Motion (RIMM | Quote | Chart | News | PowerRating) beat analyst estimates by four cents after the bell on Thursday, while revenues were slightly below expectations. The stock was lower immediately after the announcement.

Microsoft (MSFT | Quote | Chart | News | PowerRating) and Google (GOOG | Quote | Chart | News | PowerRating) are in a dispute over the severity of a problem with a new software application designed by Google to interface with Microsoft's Outlook.

Representative of the strength in financial stocks on Thursday was the rally of more than 3% in JP Morgan Chase (JPM | Quote | Chart | News | PowerRating). The stock advanced after dropping into oversold territory above its 200-day moving average earlier in the week.

Buyers continued to be aggressive in the health care sector. After three days with a 2-period RSI of less than 2, Universal Health Services (UHS | Quote | Chart | News | PowerRating) bounced higher by 4%.

Both Cisco Systems (CSCO | Quote | Chart | News | PowerRating) and Dell Inc. (DELL | Quote | Chart | News | PowerRating) remain among the more widely traded stocks in the Nasdaq 100

that are still pulling back above their 200-day moving averages as of Thursday's close.

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