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TradingMarkets 7 Stocks You Need to Know for Friday
Stocks closed higher across the board on this final full trading day of the Thanksgiving holiday week. The U.S. Dollar suffered, hitting 15-month lows against the Euro while uplifting new home sales figures added to the equity bullish environment. Perhaps paradoxically, gold hit another all time high as the yellow metal gains widespread acceptance. The DJIA added 30.69, the tech heavy Nasdaq closed up 6.87, and the broad based S&P 500 climbed 4.98.
Here are 7 stocks you need to know about for Friday. Find high probability stock trading strategies for stocks such as these in Larry Connors' book, Short Term Trading Strategies That Work.
Asta Funding (NasdaqGS:ASFI - News) has forecast a fiscal fourth quarter 2010 EPS of 6 cents before the trading day starts.
Ocean going vessel financier, Ship Finance International (NYSE:SFL - News), is expecting to see an EPS of 52 cents prior to the bell. The Stock PowerRating for SFL is 4.
Canadian National Railway (NYSE:CNI - News) has been threatened with a 72 hour strike notice by its engineers. The Stock PowerRating for CNI is 6.
Drug innovator, Incyte (NasdaqGM:INCY - News), just licensed 2 products to Novartis (NYSE:NVS - News) in an agreement that could be worth over $1 billion dollars. The Stock PowerRatings for INCY and NVS is 6 and 5 respectively.
Carl Icahn has made a $150 million dollar offer to purchase partially completed, bankrupt Las Vegas Casino Fontainbleau topping Penn National Gaming's (NasdaqGS:PENN - News) offer and likely triggering buying in Wynn Resorts (NasdaqGS:WYNN - News) as the billionaire signals confidence in Las Vegas's future. The Stock PowerRatings for PENN and WYNN is 6 and 8 respectively.
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