TradingMarkets 7 Stocks You Need to Know for Friday

• By David Goodboy
• On 4:08 pm EDT, Thursday October 15, 2009

The bulls continued their charge up the street of dreams today despite questionable earnings from several big bank names. Surging oil prices lifted the energy sector providing the impetus for the bullish advance. Positive word from the employment front further powered the optimistic day. The DJIA advanced 47.08, the tech heavy Nasdaq eased 1.06 higher, and the broad based S&P 500 marched ahead by 4.54.

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.

20 cents/share is the expected third quarter earnings for General Electric (NYSE:GE - News) before the bell on Friday. The Stock PowerRating for GE is 4.

Bank of America (NYSE:BAC - News) is hoping its loss does not exceed 10 cents/share for the third quarter prior to the trading day. The Stock PowerRating for BAC is 5.

Halliburton (NYSE:HAL - News) has its eyes focused on 26 cents/share before the open for the third quarter. The Stock PowerRating for HAL is 5.

Analysts are expecting a third quarter EPS of 67 cents for AO Smith (NYSE:AOS - News) on Friday before trading starts. The Stock PowerRating for AOS is 6.

Toy kingpin, Mattel Inc (NYSE:MAT - News), is forecast to earn 64 cents/share prior to the bell for the third quarter. The Stock PowerRating for MAT is 4.

A third quarter loss of $1.64 share is projected for MGIC Investment (NYSE:MTG - News) before trading starts on Friday morning. The Stock PowerRating for MTG is 5.

Charge off levels are climbing for Capital One (NYSE:COF - News) pressuring shares.The Stock PowerRating for COF is 4.

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