Friday is a forecasted quiet day on Wall Street. Minimal earnings releases combined with the final GDP and the revised Consumer Sentiment figure may lead to an easy transition into the weekend. On Thursday, stocks soared aggressively during the first half of the session. A wave of selling triggered by a strong dollar commodity share dumping hit the market knocking back the bull advance. Bernanke reiterating his low rate pledge was not enough impetus to keep the rally intact. Stocks closed the day mixed with the DJIA gaining 5.06, the Nasdaq losing 1.35 and the broad based S&P 500 slipped 1.99.
Here are 7 stocks you need to know for Friday.
GeoMet Inc (GMET) reports before the bell with a forecast EPS loss of 4 cents.
News hit the wire that an investment grade rating for Ford Motor Co (F) is still years away.
Rumors are amok that Starbucks Corporation (SBUX) is staging a takeover of Jamba Inc (JMBA), a chain of juice smoothie stores.
Nelson Peltz has decided against bidding on Cke Restaurants Inc (CKR).
Investors in Citigroup (C) were pleased to discover that the Treasury will sell its shares in a preset, scheduled manner.
Qualcomm Inc (QCOM) lifted its sales and profit forecasts.
