7 Stocks You Need to Know for Monday
Days after rallying on optimism on overseas sales, shares of Coca Cola (KO | Quote | Chart | News | PowerRating) fell on Friday on the news that bottler Coca Cola Hellenic would be cutting sales and profit forecasts for the year due to rising raw materials costs.
Capital-raising and dividend-cutting appear to be in the future for Fifth Third Bancorp (FITB | Quote | Chart | News | PowerRating), according to analysts at BMO Capital Markets. The stock was among Friday's biggest losers.
In the face of a $46.3 billion dollar bid from Belgian brewer InBev, Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) announced that it was in talks about a possible deal with Mexican beer maker, Grupo Modelo instead.
Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) was among the day's biggest gainers as investors bid the stock higher on news that Blackrock had purchased shares of the company during a secondary offering earlier this week.
Yahoo! (YHOO | Quote | Chart | News | PowerRating) announced that it has ended talks with Microsoft (MSFT | Quote | Chart | News | PowerRating) and instead completed a search partnership deal with rival Google (GOOG | Quote | Chart | News | PowerRating).
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