TradingMarkets 7 Stocks You Need to Know for Friday

• By David Goodboy
• On 3:58 pm EDT, Thursday September 3, 2009

Stock bulls battled into positive territory as optimistic news from the retail and job arena quickly ended the bear's brief reign. However, safe harbor buying continued pushing gold to just below the technically critical $1000.00/oz level intraday. Late day buying sent the major stock indexes solidly higher with the DJIA adding 63.94, the Nasdaq advancing 16.13,and the broad based S&P 500 climbed 8.49.

Here are 7 stocks you need to know for Friday.

Personal tax preparation leader, H&R Block (NYSE:HRB - News), hopes its fiscal 1st quarter 2010 loss does not exceed 37 cents/share before the bell on Friday. The Short Term PowerRating for HRB is 6.

8 cents/share is the expected fiscal 1st quarter earnings for ATA Inc (NasdaqGM:ATAI - News). ATAI will announce Friday prior to trading.

Wimm-Bill-Dann Foods (NYSE:WBD - News) is waiting to break even for the 2nd quarter 2009. The Short Term PowerRating for WBD is 7.

A court ruling has allowed fraud cases to continue against rating giants Moody's (NYSE:MCO - News) and McGraw Hill (NYSE:MHP - News). The Short Term PowerRatings for MCO and MHP is 8 and 6 respectively.

Surprisingly, Gap (NYSE:GPS - News) and American Eagle Outfitters (NYSE:AEO - News) surpassed analysts' sales estimates. The Short Term PowerRatings for GPS and AEO is 7 and 6 respectively.

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Buzz up!