TradingMarkets 7 Stocks You Need to Know for Monday
The markets traded around breakeven levels for most of Friday until buying late in the session helped both the S&P 500 and Nasdaq Composite close at their highs of the day.
The Dow added 39.51. The Nasdaq Composite closed higher by 19.24. And the S&P 500 ended the day up 8.12.
Here are 7 Stocks You Need to Know for Monday.
Research in Motion
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PowerRating) continued to climb after reporting earnings that were significantly higher than analyst expectations Thursday after the market closed. RIMM closed up more than 20% on Friday and is now more overbought below the 200-day moving average than at any point since mid-January.
IBM
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PowerRating) will announce its acquisition of Sun Microsystems
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JAVA |
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PowerRating) on Monday. Both stocks finished higher on Friday, with JAVA up more than 3% and IBM more than 1%.
An analyst at Bernstein Research downgraded shares of Bristol-Myers Squibb
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PowerRating) on Friday after concluding that the pharmaceutical company was unlikely to be bought out. BMY is now rated by the firm as “market perform” from “outperform.”
Although many health care stocks sold off on Friday, a number of biotechnology stocks advanced including those of Celgene Corporation
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PowerRating) and Gilead Sciences
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PowerRating).
The best performing stock in the Nasdaq 100 this past week was Wynn Resorts
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PowerRating). Trading below its 200-day moving average, WYNN has closed higher for the past four consecutive sessions.
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