Saturday, May 31, 2008

7 Stocks You Need to Know for Monday

Dell (DELL | Quote | Chart | News | PowerRating) gained more than 5% on Friday as the company announced that overseas revenues had overtaken domestic revenues for the first time ever this past quarter.

Shares of Harris Corporation (HRS | Quote | Chart | News | PowerRating) rallied on Friday on rumors of takeover bids that were valuing the military electronics company at more than $10 billion. The stock was up more than 6% on the day.

Continued strong sales of the Blackberry by Research in Motion (RIMM | Quote | Chart | News | PowerRating) and iPhones from Apple (AAPL | Quote | Chart | News | PowerRating) helped Marvell Technology Group (MRVL | Quote | Chart | News | PowerRating), which produces chips for both devices, beat analyst estimates for earnings and revenues.

Eastman Kodak (EK | Quote | Chart | News | PowerRating) anounced that it will be raising prices on some of its products by 20% to deal with rising raw materials costs.

Increases in the company's long-term earnings outlook and a forecast double-digit sales growth in 2008 led brokerages to raise their price targets for Mastercard Inc. (MA | Quote | Chart | News | PowerRating) to as high as $363. The stock closed at just under $309 on Friday.

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