TradingMarkets 7 Stocks You Need to Know for Monday
Despite a surprise boost in consumer confidence, buying was mild in the markets on Friday. An equilibrium between buyers and sellers held moderate lingering overbought conditions in many stocks.
The Dow closed up 44.29. The Nasdaq Composite ahead 1.90. And the S&P 500 edged higher by 4.71.
Here are 7 Stocks You Need to Know for Monday.
Soaring higher in its very own dramatic “race to the 200-day” was Comcast
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PowerRating), which added more than 5% on Friday and is now extremely overbought.
Goldman Sachs‘
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PowerRating) Abbey Cohen said on Friday that she thought the S&P 500 could reach 1050 over the next 6-12 months based on low valuation.
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Announcing earnings on Monday are Este Lauder
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PowerRating) and Sprint Nextel
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PowerRating). Analysts are expecting per share earnings of 0.05 from Este Lauder, and EPS of -0.04 from Sprint Nextel. Sprint Nextel was up more than 5% on Friday, closing higher for a fourth consecutive session and above its 200-day moving average for the first time since August 2007.
For the first time in more than a year this April, Ford Motor Company
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PowerRating) topped monthly auto sales for Toyota
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TM |
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PowerRating).
Morgan Stanley
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PowerRating) soared by more than 10% intraday before selling off into the close. The stock is back above its 200-day moving average.
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