TradingMarkets 7 Stocks You Need to Know for Friday

• By David Goodboy
• On 4:09 pm EDT, Thursday September 24, 2009

The bears remained in control today as disturbingly lower home sales and a climbing dollar weighed on equities. Gold plummeted to below the technically critical support of $1000.00/oz while oil followed the downward spiral. The DJIA sunk 41.11, the Nasdaq dropped 23.81 and the broad based market barometer S&P 500 gave back 10.09.

Here are 7 stocks you need to know for Friday. Find high probability stock trading strategies for stocks such as these in Larry Connors' book, Short Term Trading Strategies That Work.

KB Home (NYSE:KBH - News) is expecting a loss of 68 cents/share for their fiscal 3rd quarter 2009 on Friday before the trading day starts. The Short Term PowerRating for KBH is 8.

An EPS of 65 cents is forecast at AZZ Inc (NYSE:AZZ - News) for their fiscal 2nd quarter 2010 prior to the opening bell on Friday morning. The Short Term PowerRating for AZZ is 7.

Citigroup (NYSE:C - News) is seriously considering reducing its 1001 branch network. The Short Term PowerRating for C is 5.

Goldman Sachs (NYSE:GS - News) has forecast a huge upswing in home sales for 2010, and has upgraded ratings for builders Toll Brothers (NYSE:TOL - News), DR Horton (NYSE:DHI - News), and Meritage Homes (NYSE:MTH - News). The Short Term PowerRatings for GS and MTH is 5 and 8 respectively. Both TOL and DHI have a Short Term PowerRating of 7.

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