TradingMarkets 7 Stocks You Need to Know for Monday
The expected patriotic rally failed to greet stocks on this last trading day of the shortened July 4th holiday week. Stocks were smacked down on severely negative news from the employment front with the unemployment rate spiking to 26 year highs. The DJIA plummeted 212.32 to 8280.74, the Nasdaq retreated 49.20 to 1796.52, the S&P 500 fell 26.91 to 896.42.
Here are 7 stocks you need to know about for Monday.
The venerable Morgan Stanley
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PowerRating) may report a third straight loss due to having to pay back government loans.
Hedge Fund, Elliott Management, is rumored to be bidding for Delphi Corps
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PowerRating) assets.
Johnson & Johnson
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PowerRating) is buying into Irish drug maker Elan
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ELN |
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PowerRating) for $1 billion dollars.
The U.S. Government is investigating the settlement of Google’s
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PowerRating) book scanning disagreement.
Hartford Financial
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PowerRating) filed a suit against competitor Arch Capital Group
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ACGL |
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PowerRating), who allegedly conducted an illegal corporate raid.
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