Read Larry Connors' blog – Short Term Trading Strategies
| TradingMarkets.com
Stocks ended Thursday higher across the board. Better than expected same store sales helped buoy investor's sentiment.
The Dow finished up 52.43. The S&P 500 gained 5.11. And the Nasdaq ended the day higher by 12.75.
Here are 7 Stocks You Need to Know for Friday
Crocs (CROX | Quote | Chart | News | PowerRating) ended Thursday up more than 14% after the company announced a forecast for 2008 that was better than expectations. The company's first quarter profits of $0.09 per share, excluding some items, were in line with analyst estimates.
Better than expected same store sales helped boost shares of Wal-Mart (WMT | Quote | Chart | News | PowerRating) though Costco (COST | Quote | Chart | News | PowerRating), which also reported strong sales, was lower on the day.
Defense contractor Alliant Techsystems (ATK | Quote | Chart | News | PowerRating) announced fourth quarter earnings that were up by nearly 20% to $1.83 per share, beating estimates.
Activision (ATVI | Quote | Chart | News | PowerRating) reported quarterly earnings of $0.17 per share, more than triple analyst estimates.
Questions by the Justice Department about the company's handling of a study involving its cholesterol drug Vytorin did not stop shares of Schering Plough (SGP | Quote | Chart | News | PowerRating) from gaining nearly 3% on the day.
Shares of Best Buy (BBY | Quote | Chart | News | PowerRating) slid more than 3% on news that the company has spent $2.1 billion for a stake in British consumer electronics retailer, Carphone Warehouse.
Do you think that Costco will be up or down on Monday? Play TradingMarkets Up or Down Daily Stock Contest and you could win over $11,000 in cash prizes for predicting the direction of a stock!
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
