TradingMarkets 7 Stocks You Need to Know for Friday

• By David Goodboy
• On 4:18 pm EDT, Thursday August 27, 2009

Dire news from the FDIC advising that the bank insurance fund is down 20% in the 2nd quarter failed to frighten the stock bulls. Shares surged higher turning positive in a late day rally marking the 8th straight gain for the market. Natural gas and oil climbed while the US Dollar slipped further against other major currencies. The DJIA gained 37.11, the tech heavy Nasdaq advanced 3.30 and the broad based S&P 500 eased higher by 2.86.

Here are 7 stocks you need to know for Friday.

Noted Jeweler Tiffany (NYSE:TIF - News) has investors expecting an EPS of 33 cents for the second quarter 2010. TIF will announce before the bell on Friday morning. The Short Term PowerRating for TIF is 2.

Ex CEO Hank Greenberg is being consulted by the current Regime at American International Group (NYSE:AIG - News). The Short Term PowerRating for AIG is 1.

An EPS loss of 30 cents is forecast for the fiscal third quarter 2009 by the Shiloh (NasdaqGM:SHLO - News) Industries Friday before the open.

Anti monopoly investigations have begun against wireless providers AT&T (NYSE:T - News) and Verizon (NYSE:VZ - News). The Short Term PowerRatings for T and VZ is 4 and 5 respectively.

The third quarter 2009 has the Bank of Nova Scotia (NYSE:BNS - News) looking for an EPS of 74 cents during the trading day on Friday. The Short Term PowerRating for BNS is 4.

Goldman Sachs (NYSE:GS - News) has been subpoenaed by regulators due to its tradition of having weekly meetings between analysts and traders. The Short Term PowerRating for GS is 4.

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Buzz up!