TradingMarkets 7 Stocks You Need to Know for Monday
Stocks gained the most in two weeks, with strength coming from the technology and financial sectors. Research in Motion gave a boost to tech stocks, after the company reported much better than expected earnings yesterday. Meanwhile, Merrill Lynch looked set to be the latest U.S. bank to receive a capital infusion from an sovereign wealth fund.
The markets close early on Monday for the Christmas holiday, so as one would expect, the earnings calendar is sparse and news may be in short supply….nonetheless, here are 7 stocks for traders to watch:
One company reporting on Monday is Analytical Surveys
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PowerRating), which reports Q4 2007 earnings.
The credit ratings for Ambac Financial
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PowerRating) were placed under review, for a possible downgrade, by Fitch Ratings.
Vermont regulators rejected FairPoint Communications’ proposed $2.7 billion buyout of Verizon Communications‘
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PowerRating) land lines in northern New England, citing concerns about the company’s financial viability (read more).
Marsh & McLennan
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PowerRating) is looking for a new CEO after Michael Cherkasky, the current President and CEO, was forced to step down due to the company’s poor performance in 2007 (read more).
Alliant Energy
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PowerRating) announced it is expecting higher earnings in 2008 (read more).
Walgreen
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PowerRating) announced a 5.5% rise in Q1 earnings (read more).
Ennis
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PowerRating) reported a 4.3% increase in revenues and a 6.9% increase in net income (read more).