Negative words from the Oracle of Omaha, Warren Buffett, stifled an emerging stock market rally. While good news from Alcoa, General Motors and Goldman Sachs still managed to lift shares to a modestly higher close on the session. The DJIA advanced 4.76 to 8183.17, the Nasdaq climbed 5.38 to 1752.55 and the S&P 500 marched 3.12 points higher to 882.68.
Here are 7 stocks you need to know about for Friday:
Progressive ( PGR | Quote | Chart | News | PowerRating) will release its 2nd quarter earnings figures before the bell on Friday. Analysts are predicting 37 cents/EPS.
Super negative news continues to hammer American International Group ( AIG | Quote | Chart | News | PowerRating) with Citigroup ( C | Quote | Chart | News | PowerRating) throwing in the towel by saying it is unlikely any value will be left for shareholders after they pay back the government rescue loans.
An analyst at Bank of America ( BAC | Quote | Chart | News | PowerRating) said that trading revenues at Goldman Sachs ( GS | Quote | Chart | News | PowerRating) may exceed record levels set in 2007 and upgraded shares of the venerable investment bank.
General Motors ( GM | Quote | Chart | News | PowerRating) obtained their Chapter 11 Bankruptcy discharge today in amazingly fast corporate timeframe.
Huge Chinese demand for Ford's ( F | Quote | Chart | News | PowerRating) Fiesta model resulted in the company providing positive guidance into the rest of 2009.
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