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7 Stocks you need to know for Friday
Sep 26, 2008

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Gekko

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Sales from the Olympics continued to support earnings at Nike Inc. (NKE | Quote | Chart | News | PowerRating), which beat analyst estimates by more than a dime this week.


Research in Motion (RIMM | Quote | Chart | News | PowerRating) reported quarterly earnings Thursday after the close that missed analyst expectations by one cent.

Among the financial stocks moving higher on Thursday were JP Morgan Chase & Company (JPM | Quote | Chart | News | PowerRating), up more than 7% on the day. Among those moving lower were Washington Mutual (WM | Quote | Chart | News | PowerRating) which continues to search for a bidder for all or part of the savings and loan. WaMu was down more than 25%.

McDonalds (MCD | Quote | Chart | News | PowerRating) announced that it was increasing its quarterly dividened by 33% to 50 cents per share.

Pilgrim's Pride Corporation (PPC | Quote | Chart | News | PowerRating) plunged by nearly 40% as the company announced that it would report significant losses for its fourth quarter.

Weakness in its financial services division led General Electric (GE | Quote | Chart | News | PowerRating) to lower its profit forecast and suspend its share buyback program.

by Gekko (The Knight Trader)

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