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 |
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PowerRating) beat by a penny
but revenues were on the light side at $9.74 billion.
KLA-Tencor
(
KLAC |
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Chart |
News |
PowerRating) beat by 0.02 and
beat on revenues.
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Now, here are a few stocks to watch on Monday:
Caterpillar
(
CAT |
Quote |
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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Chart |
News |
PowerRating) is
scheduled to report 0.64 before the open.
Valero
(
VLO |
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Chart |
News |
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 |
Quote |
Chart |
News |
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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Chart |
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PowerRating) have been weak but
had an excellent close on Friday.
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) is the more aggressive way to play
the semis.
Brice Wightman
Read trader blogs at
www.tradingmarkets.com