TradingMarkets’ 7 Stocks You Need To Know About For Monday
Stocks gained ground Friday as
Rita weakened. Crude oil prices fell
below $65/barrel as the hurricane was downgraded to a Category 3 storm.
Alcoa
(
AA |
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PowerRating) guided lower and now sees $0.27 – $0.31 vs. the
consensus $0.44. The stock was downgraded to underperform at Goldman Sachs and
to underweight at Prudential.
Oracle
(
ORCL |
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PowerRating) posted a small increase in profits for Q1; revenue
rose 25% over last year. The stock was downgraded to neutral weight at
Prudential.
3Com
(
COMS |
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PowerRating) reported 0.11, ex-items, and guided higher.
In a report, CSFB estimates that 72% of all production capacity for
ethylene–used in the manufacture of plastics–was located in the potential path
of Rita.
Now, here are a few stocks to watch on Monday:
Taser
(
TASR |
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PowerRating)
will be in focus after police in Britain arrested a terrorist suspect using a
Taser device. The Taserians could pop this stock on Monday.
Martha was looking trim on her debut show the
other night, but apparently the ratings weren’t very good. This is a weekly
chart of Martha Stewart Living
(
MSO |
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PowerRating). Notice how the stock bounced
previously at the 50-week moving average. The stock may also have some support
at that trendline.
Lennar
(
LEN |
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PowerRating)
reports on Tuesday, but those in the know may move the stock beforehand.
Research in Motion
(
RIMM |
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PowerRating) also reports on Tuesday–same rationale as above.
It’s analyst day at Palm, Inc.
(
PALM |
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PowerRating)
on Monday. The stock really got whacked on Friday. If any positive (or negative)
news come out, the stock could react.
MOnday is also the UBS Global Life Sciences
Conference and stocks like Genentech
(
DNA |
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PowerRating) may be in focus.
Finally, the American Gas Conference is being
held on Monday, and Nicor
(
GAS |
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PowerRating) could react.
Brice Wightman