TradingMarkets 7 Stocks You Need to Know for Monday
Stocks rocketed higher on the final trading session of the week. A happy go lucky Ben Bernanke triggered the optimistic spirit by stating he believes the economic recovery is near during a speech at the tony resort town of Jackson Hole, Wyoming. Oil spiking higher and a very positive housing report added to the enthusiastic buying. The bulls paid little heed to news of a prison term for a bad UBS banker with stocks closing near the high of the day. The DJIA rocketed 155.91, the tech heavy Nasdaq advanced 31.68 and the broad based, market barometer S&P 500 soared 18.76.
Here are 7 stocks you need to know for Monday.
News Corp
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PowerRating) is looking into selling its famed Dow Jones Indexes.
JP Morgan
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PowerRating) and American International Group
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PowerRating) had the estimated value of assets securing governmental loans increased possibly reducing losses.
China Nepstar Drugstore
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PowerRating) is expecting to see an EPS of 5 cents for the second quarter 2009 before the open on Monday.
Grocery chain, Winn-Dixie Stores
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PowerRating), is waiting until after the bell on Monday to see a fiscal fourth quarter 2009 EPS of 18 cents.
Home builder, NVR Inc
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PowerRating), was the first builder to be upgraded by Moodys since 2006.
American citizens, who bank in Switzerland with UBS
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PowerRating), have been given until September 23 to reveal their assets prior to facing possible criminal charges including jail time.
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