TradingMarkets 7 Stocks You Need to Know for Friday

By | TradingMarkets.com | August 20, 2009 05:00 PM
Symbols: AIG, JPM, MPR, SJM, ANN

The stock market rally continued today despite expected negative news from the employment front. A regional manufacturing survey indicating growth in the sector fueled the bull run. In addition, optimistic fodder from an eye of the storm company, American International Group ( AIG | Quote | Chart | News | PowerRating), advising it plans to repay the bail out funds further powered the surge. The DJIA rallied 70.89, the tech heavy Nasdaq added 19.98, and the broad based S&P 500 broke above the psychologically critical 1000 level adding 10.91.


Here are 7 stocks you need to know about for Friday.


Professional ladies choice clothier, Ann Taylor ( ANN | Quote | Chart | News | PowerRating), is expecting to see an EPS of 2 cents for its fiscal second quarter 2010 Friday prior to the bell.


Famous jelly and now coffee purveyor, JM Smuckers ( SJM | Quote | Chart | News | PowerRating), has traders awaiting an EPS of 81 cents for its fiscal first quarter 2010. SMJ will announce on Friday before the trading day starts.


Met-Pro ( MPR | Quote | Chart | News | PowerRating) has its eyes on a fiscal second quarter EPS of 13 cents announcing before the open on Friday morning.


JP Morgan ( JPM | Quote | Chart | News | PowerRating) and Goldman Sachs ( GS | Quote | Chart | News | PowerRating) ranked as the largest credit default swap dealers in a Fitch rating survey.


Retailers Ross Stores ( ROSS | Quote | Chart | News | PowerRating) and Dick's Sporting Goods ( DKS | Quote | Chart | News | PowerRating) both beat analyst's estimates.


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Original publication: August 20, 2009
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