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TradingMarkets 7 Stocks You Need to Know for Friday

By John Patrick Lee | TradingMarkets.com
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Stocks declined on Thursday, not surprisingly after the large two-day run-up. Today's Market Bias page showed a number of bearish signals, including multiple CVR sell signals. As mentioned earlier, with the market trading back above the 200-day MA, these signals tend to suggest the time to lock ion gains may have arrived. That turned out to be the case once again today. Click here to read the rest of today's Stock Market Recap.

Here are 7 stocks for traders for Friday:

Oracle (ORCL | Quote | Chart | News | PowerRating) beat earnings expectations on Thursday afternoon, announcing $0.22 EPS over an expected $0.21 EPS.

Tektronix (TEK | Quote | Chart | News | PowerRating) also beat earnings with $0.22 EPS over an expected $0.21 EPS.

Circuit City (CC | Quote | Chart | News | PowerRating) fell 17% on Thursday after missing earnings in the morning. Rivals Best Buy (BBY | Quote | Chart | News | PowerRating) and Radioshack (RSH | Quote | Chart | News | PowerRating) also dropped, in an industry-wide slip.

General Motors (GM | Quote | Chart | News | PowerRating) fell over 1% on reports of continued haggling over a union-run retiree health-care fund with the United Auto Workers.

Motorola (MOT | Quote | Chart | News | PowerRating) gained over 3% on Thursday on analyst reports that rival Samsung is out of stock, giving MOT more room to sell products.


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