TradingMarkets 7 Stocks You Need to Know for Friday

• By David Goodboy
• On 4:16 pm EDT, Thursday October 29, 2009

A surprise gain in the GDP numbers sent stocks surging higher today. The economy has posted its first growth in over a year, triggering waves of optimistic buying. News of quarter century high unemployment and tight credit did little to dissuade the bulls. The DJIA soared 199.89, the tech heavy Nasdaq added 37.94, and the broad based S&P 500 jumped higher by 23.48.

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.

Sony (NYSE:SNE - News) is hoping its fiscal second quarter 2010 loss does not exceed 43 cents/share before the open on Friday morning. The Stock PowerRating for SNE is 6.

Much loved coffee chain, Tim Hortons (NYSE:THI - News), has analysts expecting third quarter results of 44 cents/share on Friday prior to the bell. The Stock PowerRating for THI is 6.

Before trading starts on Friday, Moneygram (NYSE:MGI - News), will reveal its third quarter results with a consensus figure of 3 cents/share. The Stock PowerRating for MGI is 7.

A loss of 30 cents/share has been forecast for Lending Tree's (NasdaqGM:TREE - News) third quarter prior to 9:30 AM EST.

Chevron (NYSE:CVX - News) is expecting 3rd quarter results of $1.42/share before the bell on Friday. The Stock PowerRating for CVX is 6.

Coventry Health Care (NYSE:CVH - News) has its eyes set on a third quarter EPS of 54 cents announcing before the trading day starts on Friday. The Stock PowerRating for CVH is 5.

CNA Surety (NYSE:SUR - News) has forecast 3rd quarter EPS of 47 cents a share pre-open on Friday.

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Buzz up!