TradingMarkets 7 Stocks You Need to Know for Monday

Sellers dominated both the open and the close on Friday, helping drive stocks deeper into oversold territory below the 200-day moving averages. Among the stronger stocks were technology companies including Dell
(
DELL |
Quote |
Chart |
News |
PowerRating)
and Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating)
.

The Dow lost 119.15. The Nasdaq Composite fell 13.63. And the S&P 500 closed lower by 17.74.

Here are 7 Stocks You Need to Know for Monday.

The U.S. Treasury reached a deal with Citigroup
(
C |
Quote |
Chart |
News |
PowerRating)
whereby the government would convert $25 billion in preferred stock into common stock in the struggling bank. The public stake in Citigroup now stands at 36%.

In another effort to support its credit rating, General Electric
(
GE |
Quote |
Chart |
News |
PowerRating)
announced a dividend cut of 68% on Friday.

Fannie Mae
(
FNM |
Quote |
Chart |
News |
PowerRating)
will seek additional public support after reporting a much wider than expected quarterly loss.

IBM
(
IBM |
Quote |
Chart |
News |
PowerRating)
closed at its highest closing level in nine days on Friday. The stock is increasingly overbought below the 200-day moving average.

A forecast of resilient consumer demand made discount wireless operator Leap Wireless
(
LEAP |
Quote |
Chart |
News |
PowerRating)
one of the bigger winners on an day dominated by falling stocks. Trading below its 200-day moving average, LEAP closed higher by more than 9%.

Also announcing earnings on Monday are home entertainment-related companies, TiVo Inc.
(
TIVO |
Quote |
Chart |
News |
PowerRating)
and DISH Network Corporation
(
DISH |
Quote |
Chart |
News |
PowerRating)
. DISH is expected to report EPS of 49 cents before the open. Analysts are expecting an earnings per share loss of 10 cents from TIVO after the close.

Our highest Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free, 7-day trial to our Short Term PowerRatings!