7 Stocks you need to know for Monday

The Dow finished up 53.92. The Nasdaq Composite closed ahead by 5.40. And the S&P 500 gained 5.81.

Here are 7 Stocks You Need to Know for Monday.

Exxon Mobil (XOM | Quote | Chart | News | PowerRating) reported that it has discovered oil off the coast of Brazil. According to experts, the reservoir could hold 8 billion barrels of of usable oil. XOM continues to trade in a short term range between $66 and $68.

Shares of Merck & Co. (MRK | Quote | Chart | News | PowerRating) rallied higher for a second day, gaining nearly 13% as the stock has begun to recover losses from heavy selling in late February and early March. Other pharmaceuticals advancing on the day were Pfizer (PFE | Quote | Chart | News | PowerRating) and Schering-Plough (SGP | Quote | Chart | News | PowerRating), which has agreed to merge with Merck.

Sara Lee Corporation (SLE | Quote | Chart | News | PowerRating) has brought on Goldman Sachs (GS | Quote | Chart | News | PowerRating) to help it sell its European household products division.

A research analyst from ThinkEquity Partners LLC warned that Research in Motion (RIMM | Quote | Chart | News | PowerRating) would suffer as profit-growth from its BlackBerry smartphone business slows due to the recession.