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TradingMarkets 7 Stocks You Need to Know for Friday

By David Penn | TradingMarkets.com | November 20, 2008
Symbols: GM, DELL, YHOO, F, TWX

Stocks moved back and forth for most of the day, but shortly after news broke that Congress was unable to come up with an agreement on a bailout package for U.S. automakers, sellers emerged to drive the markets down deeper into bear market territory.




The Dow closed lower by 444.99. The Nasdaq Composite lost 70.30. And the S&P 500 fell by 54.14.




Here are 7 Stocks You Need to Know for Friday.




Reporting earnings Thursday after the market closed, Dell ( DELL | Quote | Chart | News | PowerRating) beat analyst estimates by six cents.




Yahoo! ( YHOO | Quote | Chart | News | PowerRating) is stepping up its efforts to forge a deal with Time Warner ( TWX | Quote | Chart | News | PowerRating) whereby in exchange for a stake in Yahoo!, Time Warner would hand over its AOL advertising business to the Internet search company.




Automakers failed to win support for a much-sought after bridge loan from Congress on Thursday. Shares of both General Motors ( GM | Quote | Chart | News | PowerRating) and Ford Motor Company ( F | Quote | Chart | News | PowerRating), which were up early in the day, finished well-off their highs.




Despite news that Saudi Prince Alwaleed bin Talal was increasing his investment stake in Citigroup ( C | Quote | Chart | News | PowerRating), shares of the stock moved dramatically lower for a fourth trading day in a row.




HJ Heinz ( HNZ | Quote | Chart | News | PowerRating) reports quarterly earnings Friday morning before the market opens. Analysts are expecting EPS of 76 cents.




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Original publication: November 20, 2008