7 Stocks you need to know for Monday
The Dow ended the day down 25.88. The Nasdaq Composite closed up 11.95. And the S&P 500 added 2.60.
Here are 7 Stocks You Need to Know for Monday.
General Motors (GM | Quote | Chart | News | PowerRating) and Chrysler LLC will get more than $13 billion in loans from the Federal government to help the struggling automakers survive into the spring of 2009. An additional $4 billion will be made available to General Motors in February.
Still drawing interest after its better than expected earnings announcement Thursday after the close, Darden Restaurants (DRI | Quote | Chart | News | PowerRating) was among the better performing stocks on Friday.
Electronic Arts (ERTS | Quote | Chart | News | PowerRating) announced that it would eliminate up to 1,000 jobs and close some facilities due to slowing sales.
Among a number of financial institutions to have their outlooks downgraded by Standard and Poor's on Friday were Goldman Sachs (GS | Quote | Chart | News | PowerRating) and Morgan Stanley (MS | Quote | Chart | News | PowerRating).
A positive forecast from Research in Motion (RIMM | Quote | Chart | News | PowerRating) Thursday after the market closed helped buoy the stock on Friday.
Walgreen's (WAG | Quote | Chart | News | PowerRating) reports quarterly earnings Monday morning before the market opens. Analysts are expecting EPS of 46 cents.
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