TradingMarkets 7 stocks you need to know for Monday
Stocks staged a short-lived
rally after this morning’s September jobs report, but drifted in a range the
rest of the session, closing slightly higher.
Nonfarm payrolls for September fell 35,000, better than expected; the
unemployment rate was 5.1%. The full impact of Hurricane Katrina did not show up
in the numbers. Average hourly earnings rose 0.2%.
The S&P 500 was off -2.8% this week on inflation
fears and higher interest rates. Crude oil fell 5% on the week. Gold is near an
18-year high.
Now, here are a few stocks to watch for Monday:
The OIH looks oversold; it made a rally
attempt on Friday.
Halliburton
(
HAL |
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in that group, has a similar pattern.
I mentioned ExxonMobil
(
XOM |
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Thursday night, and it too made an attempt.
The Semis
(
SMH |
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PowerRating) also look oversold.
AMD, in the
same group, may bounce.
Bear Stearns
(
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has dropped for four days straight.
Kerr McGee
(
KMG |
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PowerRating)
is oversold and may bounce.
Brice Wightman