TradingMarkets 7 Stocks You Need to Know for Friday Share: Share on Twitter!
David Goodboy is Vice President of Business Development for a New York City based multi-strategy fund.
The final session of a difficult week holds a handful of important earnings announcements as well as the much anticipated NonFarm Payroll report. Thursday was a difficult day for the bulls as stocks spiraled sharply lower. Worse than expected unemployment figures combined with global economic recovery worries to shove the market downward on the session. Safe haven buying benefited both the U.S. dollar and Treasuries as investors scrambled for security. The DJIA held directly above the critical 10,000 level, falling 268.37, the Nasdaq gave back 65.48 while the S&P 500 lost 34.17.
Tyson Foods (NYSE:TSN – News) reports before the open with a forecast EPS of 18 cents. The Stock PowerRating for TSN is 3.
Paper company, Weyerhaeuser (NYSE:WY – News), announces pre-open with analysts awaiting a loss of 39 cents. The Stock PowerRating for WY is 5. [Read the full article]