TradingMarkets 7 Stocks You Need to Know for Monday
A volatile Friday in stocks saw the major market indexes rally from severe intraday lows to print at virtually breakeven as of the close.
The Dow ended the day up 32.50. The Nasdaq Composite fell 5.74. And the S&P 500 closed higher by 0.83.
Here are 7 Stocks You Need to Know for Monday.
Wells Fargo
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PowerRating) announced that it was cutting its dividend to 5 cents per share, a reduction of 85%.
Another double-digit blue chip stock goes to single digits as American Express
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PowerRating) slides below $10 per share intraday on Friday. AXP is down for a third consecutive session below the 200-day moving average.
Swiss drug maker Roche upped its hostile bid for the 44% of Genentech
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PowerRating) that it does not already own to $93 per share, an increase of more than six cents per share from their previous bid.
Merger discussions between Dow Chemical
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PowerRating) and Rohm & Haas
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PowerRating) are back underway in an attempt to seal the $15 billion deal. Both stocks were higher in trading on Friday, with ROH up more than 18%, Dow gaining more than 9%.
Shares of Apple
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PowerRating) were in retreat on Friday after JP Morgan Chase & Company
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PowerRating) cut sales estimates for Mac computer and iPhone for the rest of 2009.
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