TradingMarkets 7 Stocks You Need To Know For Monday

Stocks popped on Friday in a relief rally
sparked by better-than-expected economic data.
The
Dow rose triple digits, giving

stocks their best gain since mid-September and their
first weekly increase in October. The economy grew at a 3.8% annual rate last
quarter, more than expected and without increased inflation; this, despite two
major hurricanes. Crude oil rose 1% on the week, while 10-year Treasurys saw
their largest yield rise since March.

Cheney’s Chief of Staff Lewis Libby was indicted on
obstruction of justice, perjury and making false statements to a grand jury.
Libby submitted his resignation.

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
beat by a penny
but revenues were on the light side at $9.74 billion.

KLA-Tencor
(
KLAC |
Quote |
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News |
PowerRating)
beat by 0.02 and
beat on revenues. 

The following
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achieved simulated results of over 111%/year since 1995:

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Now, here are a few stocks to watch on Monday:


Caterpillar
(
CAT |
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Chart |
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PowerRating)
had some insider
buying reported today. Three total, including a director with a big purchase,
a VP and the CFO. The company also meets with analysts on Monday.


Kellogg
(
K |
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PowerRating)
is
scheduled to report 0.64 before the open.


Valero
(
VLO |
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PowerRating)
is expected to report on Monday;
look for $4.23.


Oxy
(
OXY |
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PowerRating)
also reports on
Monday; look for $2.63.


Kohl’s
(
KSS |
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PowerRating)
may pop. Look
at what happened the last time the 4 RSI got this low. The stock also had a
good volume day Friday.


The Semiconductor HOLDRs
(
SMH |
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PowerRating)
have been weak but
had an excellent close on Friday.


Intel
(
INTC |
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Chart |
News |
PowerRating)
is the more aggressive way to play
the semis.

Brice Wightman

Read trader blogs at
www.tradingmarkets.com