TradingMarkets 7 Stocks You Need to Know for Monday
Stocks tumbled on Friday after American International Group reported its biggest loss ever, sending shock waves through the market and causing widespread selling of financial stocks.
The Dow lost -315.79, the Nasdaq Composite -60.09 and the S&P 500 lost -37.05.
Here are 7 stocks to watch on Friday…
American International Group’s
(
AIG |
Quote |
Chart |
News |
PowerRating) record $5.29 billion loss led to widespread selling on Friday.
Meanwhile, a 6% decline in quarterly profit at Dell
(
DELL |
Quote |
Chart |
News |
PowerRating) weighed on the technology sector.
After the market close, Berkshire Hathaway
(
BRK.A |
Quote |
Chart |
News |
PowerRating) reported an 18% decline in fourth quarter profit and warned investors that “insurance-industry profit margins, including ours, will fall significantly in 2008”.
Northrop Grumman
(
NOC |
Quote |
Chart |
News |
PowerRating) won a $35 billion contract to build air refueling tankers.
The news Northrop Grumman was a major blow to market leader Boeing
(
BA |
Quote |
Chart |
News |
PowerRating).
Late on Friday, The Wall Street Journal reported that Countrywide Financial
(
CFC |
Quote |
Chart |
News |
PowerRating) may be sanctioned for “alleged abuses of the bankruptcy system.”
And finally, do you think Merrill Lynch
(
MER |
Quote |
Chart |
News |
PowerRating) will close up or down on Tuesday? Play TradingMarkets Up or Down Daily Stock Contest for the chance to win $1000 every month by predicting the direction of a stock.