Friday, July 17, 2009

7 Stocks you need to know for Friday

Stocks surged higher for the fourth day in a row on positive words from Dr. Doom, Nouriel Roubini, and blow out earning reports from several critical companies. Interestingly, stocks are surging on good news but not selling off on negative news. This is an extremely bullish signal for the future. The DJIA advanced 95.6, the Nasdaq climbed 22.13 and the broad based S&P 500 jumped 8.06.

Goldman Sachs (GS | Quote | Chart | News | PowerRating) downgraded Motorola (MOT | Quote | Chart | News | PowerRating) as the rally pushed shares closer to the $7.00 target price.

Google (GOOG | Quote | Chart | News | PowerRating) beat analysts estimates with an EPS of $4.66/share however the stock is selling off hard in the after hours.

Citigroup (C | Quote | Chart | News | PowerRating) reports earnings before the bell Friday with an estimated loss of 20 cents/share.

Popular bank in the news, Bank of America (BAC | Quote | Chart | News | PowerRating), announces their second quarter earnings prior to the open with estimated earnings of 24 cents/share.

Dow component, General Electric (GE | Quote | Chart | News | PowerRating), reveals second quarter earnings Friday with an expected 24 cents/share.

Computer giant, International Business Machines (IBM | Quote | Chart | News | PowerRating), raised its full year 2009 outlook as earnings readily beat the street.


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