TradingMarkets 7 Stocks You Need to Know for Monday

Stocks sold off again on Friday after a one-day respite the day before. The Nasdaq was the percentage leader to the downside.

The Dow lost 220.40. The Nasdaq Composite fell 55.97. And the S&P 500 closed down by 24.90.

The Supreme Court of Canada has cleared the way for the leveraged buyout of BCE (BCE | Quote | Chart | News | PowerRating) by the Ontario Teachers Pension Plan. The $51 billion deal represents the largest LBO in world history.

Huntington Bancshares (HBAN | Quote | Chart | News | PowerRating) announced that loan losses would be within previously forecast levels, heartening investors on Friday who bid the stock higher by more than 29% on Friday.

A UBS AG analyst report suggests that further writedowns from Citigroup (C | Quote | Chart | News | PowerRating) mean that the company is likely to announce a loss for the second quarter.

Anticipated lighter demand in both Asia and Europe led a Citigroup analyst to downgrade shares of SanDisk (SNDK | Quote | Chart | News | PowerRating) from "buy" to "hold."

An improved 2008 outlook and an announced $1 billion stock buy back program helped send shares of Western Union (WU | Quote | Chart | News | PowerRating) higher by more than 8% on Friday.

Legendary value investor David Dreman has called for the ousting of Washington Mutual (WM | Quote | Chart | News | PowerRating) CEO, Kerry Killinger, in the wake of the bank's massive losses on subprime and adjustable rate mortgages.

Daimler AG (DAI | Quote | Chart | News | PowerRating) announced plans for a $9 billion stock buyback - and news of its first electric cars to be marketed by 2010.

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