TradingMarkets 7 Stocks You Need to Know for Monday: DIS, BAC, CHK, SLB, AXP, FSLR, NKE

Strength in financials made stocks like ^STI^ and ^GS^ some of the better performing stocks on the final trading day of the week. STI closed higher by more than 4%. Goldman ended the day up more than 2%.

Among the few companies reporting earnings on Monday is retailer ^TIF^. Shares of the stock were up for a second day in a row following a sharp, three-day pullback.

Here are 7 Stocks You Need to Know for Monday.

Many of the blue chips that advanced in Friday’s trading were stocks that had pulled back for three days in a row previously. This includes stocks like ^DIS^ and ^BAC^.

Moving lower ahead of trading on Monday were a number of energy stocks such as ^SLB^ and ^CHK^ (below), both down more than 1%.

SLB chart

Shares of SLB have been trending lower since late February. Friday’s pullback comes after a one-day oversold bounce that took the stock back above its 5-day moving average.

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Up well over 1% on Friday and closing higher for a second day in a row after a pullback that took the stock briefly below its 200-day moving average were shares of ^AXP^ (below).

AXP chart

AXP had pulled back for three days in a row, including a close in oversold territory, before the current oversold bounce.

Pulling back for a third day in a row on Friday were shares of ^FSLR^ (below).

FSLR chart

FSLR continues to pullback from his sharp move higher at the beginning of the week. Interestingly, that rally came in the wake of FSLR’s last three-day pullback in the first half of March.

Shares of ^NKE^ plunged by more than 9%, falling below their 200-day moving average after missing earnings estimates after the bell on Thursday.

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David Penn is Editor in Chief of TradingMarkets.com