Friday, July 31, 2009

7 Stocks you need to know for Friday

Stocks surged higher Thursday hitting levels not seen since November of last year. A strong Treasury auction and another round of strong earning reports powered the rally. The DJIA climbed 83.74 after trading much higher intraday, the Nasdaq added 16.54 and the S&P 500 surged 11.60.

Friday is another heavy session of earning releases. Here are 7 stocks you need to know.

Weyerhaeuser (WY | Quote | Chart | News | PowerRating) is forecasting a loss of 71 cents/share Friday before the bell.

Newspaper kingpin, Washington Post (WPO | Quote | Chart | News | PowerRating), expects to see second quarter earnings of $3.62/share prior to the trading session on Friday.

Airline, British Airways (BAIRY | Quote | Chart | News | PowerRating), announces full year results with a forecast loss of $2.12/share weighing on the company before the open on Friday.

Insurer, CNA Surety (SUR | Quote | Chart | News | PowerRating), has forecast a gain of 45 cents/share for the second quarter before the bell Friday.

Popular steak house, Ruth Chris (RUTH | Quote | Chart | News | PowerRating), expects an EPS of 7 cents on Friday prior to the open.

Innovative tool company, Snap-On (SNA | Quote | Chart | News | PowerRating), is fully expecting to see an EPS of 73 cents for the second quarter before the bell on Friday.

The trust formed to consolidate all the bad home loans

, PennyMac (PMT | Quote | Chart | News | PowerRating), cut its IPO by 20% and shares fell on the first day of trading.

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