Saturday, March 15, 2008

7 Stocks you need to know for Monday

Bear Stearns (BSC | news | PowerRating | PR Charts ) plunged more than 47% after needing to be bailed out by JPMorgan Chase (JPM | news | PowerRating | PR Charts ), with a little help from the Fed. BSC was experiencing such difficulty that it couldn't wait to borrow from the Fed on March 27, instead having to turn to JPMorgan Chase, who borrowed from the Fed.

Bear Stearns is scheduled to report earnings on Monday after the market close.

AnnTaylor Stores (ANN | news | PowerRating | PR Charts ) lost more than 8% after the company missed earnings estimates by $0.01 and lowered guidance.

Boeing (BA | news | PowerRating | PR Charts ) was the only stock in the Dow to close higher, rising 2.8%.

Mylan (MYL | news | PowerRating | PR Charts ) was the biggest gainer in the S&P 500, after Citigroup raised its recommendation from "hold" to "buy".

Before the market open on Monday, Conseco (CNO | news | PowerRating | PR Charts ) is due to report earnings, with analysts looking for $0.19 per share.

Do you think Amazon.com (AMZN | news | PowerRating | PR Charts ) 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.

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