TradingMarkets 7 Stocks You Need to Know for Monday
Stocks rallied after two days of aggressive selling, roaring to a close at the high of the day. The Dow closed higher by nearly 3%.
The Dow gained 248.02. The Nasdaq Composite closed higher by 38.70. And the S&P 500 added 26.11.
Here are 7 Stocks You Need to Know for Monday.
Steve Ballmer of Microsoft
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PowerRating) said that the company was no longer interested in trying to work out a merger deal involving Yahoo!
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PowerRating).
General Motors
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PowerRating) widely missed analyst earnings estimates and warned of a significant shortage of cash in the first quarter of 2009 if the company does not get some sort of assistance. The company is also halting talks of a potential merger with Chrysler to focus on immediate financial concerns. Ford Motor Company
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PowerRating), which also reported earnings on Friday, similarly missed estimates and expressed grave concern over its deteriorating cash situation.
Wells Fargo
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PowerRating) raised more than $11 billion in a stock offering designed to help raise capital for the bank’s acquisition of Wachovia
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WB |
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PowerRating).
Starbucks
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PowerRating) is expected to announce earnings per share of 0.13 when the company reports Monday after the bell.
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