Monday kicks off the new week as the first stock trading session after the much anticipated Non-Farm Payroll report. It’s a light earnings day with Pending Home Sales and the ISM Non-Manufacturing Index adding color.
A substantial improvement in the ISM Manufacturing Index and a better than expected jobs report lifted stocks on this final trading day of the holiday shortened week. Huge incentive driven sales jumps in the domestic big three automakers helped add to the bullish sentiment. Apple’s soon to be released iPad added some trepidation to the tech sector. Some speculate that it may hurt PC sales. Led by Caterpillar the DJIA soared 70.44, the Nasdaq added 4.62 and the broad based S&P 500 climbed 8.67.
Here are 7 Stocks You Need to Know for Monday.
Goldman Sachs downgraded ^RIMM^ to sell and lowered its target price to $65.00/share.
^AZZ^ reports before the open with an expected EPS of 59 cents.
Sales from ^F^ soared 84% in China and 39.8% domestically. Troubles at ^TM^ and its aggressive buying incentives are credited with the huge improvement.
^MSFT^ suffered from speculation that the ^AAPL^ iPad may hurt PC sales.
^BLK^ was cut to hold at Deutsche Bank AG as it was revealed that lower growth may be in store for the world’s largest money manager.