TradingMarkets 7 stocks you need to know for Monday
Stocks closed mixed, with a weak earnings report from Caterpillar keeping the Dow in the red and a strong report from Google boosting the Nasdaq. Caterpillar [NYSE:CAT] reported 0.94, missing by 0.13, but this may not be comparable to the Reuters $11.06 estimates. Google [NASDAQ:GOOG] reported 1.51, beating by 0.16 and beat on revenues at $1.08 billion. Bank of America raised its target to $430 from $375. The stock has more than tripled since going public in August of 2004 and made an all time high of $346.43 intraday, closing at 339.90. Google’s market cap is now near $100 billion.
Crude oil fell 2% on the week, closing today at $60.63.
For October, the Dow is down 3%.
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Now, here are a few stocks to watch on Monday.
Kimberly Clark [NYSE:KMB] is scheduled to report before the open on Monday; look for 0.95.
Merck [NYSE:MRK] is as well; look for 0.62.
So is Schering Plough [NYSE:SGP], with a 0.06 estimate.
Pfizer [NYSE:PFE] has gotten whacked and just had two huge volume days, with 100 million shares trading on Thursday and over 98 million on Friday. This can be a sign of capitulation, but not always.
Teva Pharmaceuticals [NASDAQ:TEVA] received a favorable court ruling regarding exclusivity on generic pravachol.
Biocryst Pharmaceuticals [NASDAQ:BCRX] rose 8% Friday after avian flu was reported in a parrot in the U.K. The stock is poised as a possible rally from pullback
Brice Wightman
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