TradingMarkets 7 Stocks You Need to Know for Monday
Wall Street witnessed another day of selling, after the monthly jobs report raised fears of a recession and more credit-related problems emerged.
The Dow lost -146.70, the Nasdaq Composite -8.01, and the S&P 500 -10.97.
Here are 7 stocks to watch…
Washington Mutual
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WM |
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PowerRating) plunged 15%, falling to its lowest level since 1995. WM lost more than 8% yesterday after its debt was downgraded by S&P.
Thornburg Mortgage
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TMA |
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PowerRating) warned it may not survive the credit crunch.
Shares of Dynamic Materials
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BOOM |
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PowerRating) plunged more than 19% after the company reported disappointing earnings.
National Semiconductor
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NSM |
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PowerRating) jumped nearly 12% after beating earnings estimates.
Ciena
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CIEN |
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PowerRating) rose more than 11%, also after beating estimates.
The credit crunch has devastated the balance sheets at many financial institutions, and the next big one to report is Blackstone Group
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BX |
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PowerRating). Analysts are expecting BX to report earnings of $0.19 per share before the market open on Monday.
Do you think Apple
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AAPL |
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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.