TradingMarkets 7 Stocks You Need To Know For Monday
Stocks gained ground Friday,
with the major indices closing at their highs.
The semis, however ended slightly in the red.
The CPI for September rose 1.2%, the most
in 25 years. Core CPI rose +0.1%. Much of the increase came from skyrocketing
energy prices. Retail sales rose 0.2%; ex auto, +1.1%. Stocks
rallied early in the session on this news, but pulled back somewhat after the
University of Michigan’s consumer sentiment index fell to 75.4 in
October vs 76 9 in September.
Business inventories for August rose 0.4%,
more than expected.
Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating) is in preliminary talks
to buy a stake in AOL, The Wall Street Journal reports.
Refco
(
RFX |
Quote |
Chart |
News |
PowerRating) remains halted, down 72%
on the week.
Now, here are a few stocks to watch on Monday:
Citigroup
(
C |
Quote |
Chart |
News |
PowerRating)
is expected to announce 0.99 before the open.
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) is expected to announce -0.87 before the open.
Before the open, look for Eaton
(
ETN |
Quote |
Chart |
News |
PowerRating)
to announce 1.33.
Mattel
(
MAT |
Quote |
Chart |
News |
PowerRating)
is expected to announce 0.61 before the open.
IBM is
expected to announce $1.13 after the close.
After the close, Novellus
(
NVLS |
Quote |
Chart |
News |
PowerRating) is
expected to announce 0.21.
The consensus on Rambus
(
RMBS |
Quote |
Chart |
News |
PowerRating) is
0.02. Not sure exactly what time they report, though.
Bonus stock: A 10% owner of Restoration
Hardware
(
RSTO |
Quote |
Chart |
News |
PowerRating) bought 117,000 shares between $5.46 – $5.47.
Homework assignment: Take a look at this chart
of the VIX and tell me what the S&P did the last time we got to these levels.
Brice Wightman
bricewightman@tradingmarkets.com