TradingMarkets 7 Stocks You Need to Know for Monday
Although finishing down by more than 3% in the major market indexes, stocks staged a dramatic intraday reversal averting even steeper losses.
The Dow closed lower by 312.50. The Nasdaq Composite lost 51.88. And the S&P 500 finished off 31.34.
Here are 7 Stocks You Need to Know for Monday.
PNC Financial Services Group
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PowerRating) has agreed to buy National City Corporation
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PowerRating) at a discount of 19%. PNC will use funds from the Treasury bank recapitalization program to finance the acquisition.
Reporting earnings Monday after the market closes, Universal Health Services
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PowerRating) is expected to announce EPS of 0.77.
Despite announcement of production cuts by OPEC, oil stocks such as Hess Corporation
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PowerRating) and Chevron
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CVX |
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PowerRating) were on the retreat on Friday.
Anti-trust authorities in Russia have blocked Google‘s
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GOOG |
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PowerRating) efforts to acquire the Internet advertising company ZAO Begun.
A profit-warning from Sony
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PowerRating) helped send stocks lower across the board to start trading on the final trading day of the week.
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