TradingMarkets 7 Stocks You Need to Know for Monday
Stocks gapped up at the open on news of new government curbs against short selling in financial stocks. The S&P 500 gained more than 4% on the day.
The Dow ended up 368.75. The Nasdaq Composite gained 74.80. And the S&P 500 closed ahead by 48.57.
Here are 7 Stocks You Need to Know for Monday.
Financial stocks rallied by double digits on Friday, with many gapping up on the open and closing well off their highs. Merrill Lynch
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PowerRating) gained more than 30%, Morgan Stanley
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PowerRating) gained more than 20%, and JP Morgan
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PowerRating) added more than 16%, closing at levels not reached since May.
Auto Zone
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PowerRating) reports earnings Monday morning before the market opens. Analysts are expecting EPS of 3.90.
Oracle
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PowerRating) gained more than 7% on Friday after beating analyst earnings estimates by two cents.
Palm Inc.
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PowerRating) reported its fifth consecutive quarterly loss, as competition from Research in Motion‘s
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PowerRating) Blackberry continues to outsell Palm’s line of smartphones.
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