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Thursday, October 11, 2007

Hot Stocks to Watch Friday

Here are 7 stocks for traders for Friday from TradingMarkets.com:
Ruby Tuesday (NYSE:RT - News) fell 14% on Thursday, after announcing that future revenues (2008) will miss projections by a long shot. RT's PowerRating (for Traders) is 6.
During market hours on Thursday, SLM Corporation (NYSE:SLM - News) missed earnings, announcing $0.70 EPS over an expected $0.73 EPS. Despite missing numbers, SLM fell only fractionally. SLM's PowerRating (for Traders) is 4.
Wal-Mart (NYSE:WMT - News) rose about 3.4% on Thursday, after guiding higher for Q3 profit. WMT's PowerRating (for Traders) is 4.
General Electric (NYSE:GE - News) reports earnings on Friday before the market opens, with traders looking for $0.50 EPS. GE's PowerRating (for Traders) is 6.
JP Morgan cut its Q3 revenue forecasts for Baidu.com mid-day, resulting in an industry-wide selloff; Baidu.com (NasdaqGS:BIDU - News) fell -10% on the negative news. BIDU's PowerRating (for Traders) is 5.
J.C. Penney (NYSE:JCP - News) fell about 7% after missing estimates for September sales, while Nordstrom (NYSE:JWN - News) fell just over 7% on similar bad news. JCP's PowerRating (for Traders) is 5, and JWN's PowerRating (for Traders) is 5.

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