TradingMarkets 7 Stocks You Need to Know for Monday
Stocks edged higher to finish off a strong week on a positive note. Next week brings a slew of earnings from companies as diverse as Goldman Sachs
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PowerRating) and FedEx
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PowerRating).
The Dow finished up 53.92. The Nasdaq Composite closed ahead by 5.40. And the S&P 500 gained 5.81.
Here are 7 Stocks You Need to Know for Monday.
Exxon Mobil
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PowerRating) reported that it has discovered oil off the coast of Brazil. According to experts, the reservoir could hold 8 billion barrels of of usable oil. XOM continues to trade in a short term range between $66 and $68.
Shares of Merck & Co.
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PowerRating) rallied higher for a second day, gaining nearly 13% as the stock has begun to recover losses from heavy selling in late February and early March. Other pharmaceuticals advancing on the day were Pfizer
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PowerRating) and Schering-Plough
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PowerRating), which has agreed to merge with Merck.
Sara Lee Corporation
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PowerRating) has brought on Goldman Sachs
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PowerRating) to help it sell its European household products division.
A research analyst from ThinkEquity Partners LLC warned that Research in Motion
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PowerRating) would suffer as profit-growth from its BlackBerry smartphone business slows due to the recession.