7 Stocks you need to know for Monday
An analyst with Oppenheimer Company upgraded shares of Microsoft (MSFT | Quote | Chart | News | PowerRating) from "perform" to "overperform" on Friday and set a price target of $22.
Wal-Mart (WMT | Quote | Chart | News | PowerRating) announced that chief executive officer, Lee Scott, was retiring. He will be replaced by Mike Duke, who heads Wal-Mart's overseas operations.
Campbell Soup (CPB | Quote | Chart | News | PowerRating) reports quarterly earnings on Monday before the market opens. Analysts are expecting EPS of 76 cents.
A surprising earnings beat and a Citigroup upgrade from "hold" to "buy" helped send shares of retailer Gap Inc. (GPS | Quote | Chart | News | PowerRating) higher on Friday.
With gold moving to a one-month high on Friday, money flowed into gold stocks such as AngloGold Ashanti Ltd. (AU | Quote | Chart | News | PowerRating) which soared by more than 30%.
Also higher on Friday was basic materials company Alcoa (AA | Quote | Chart | News | PowerRating), gaining more than 20% as one of the leading stocks in the Dow on the day.
Amid rumors that the company might consider selling parts of its business - or even look to sell itself entirely - Citigroup (C | Quote | Chart | News | PowerRating) shares slid below $4 on Friday.
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