Saturday, May 09, 2009

7 Stocks you need to know for Monday

The Dow closed ahead 164.80. The Nasdaq Composite ended the day higher by 22.76. And the S&P 500 finished up 21.85.

Here are 7 Stocks You Need to Know for Monday.

Citigroup (C | Quote | Chart | News | PowerRating) and JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) helped lead the financials - and the broader market - higher on Friday. While Citigroup has become more overbought below the 200-day moving average, shares of JPM have traded above their 200-day moving average for several days.

Sellers are becoming increasingly aggressive in taking profits in IBM (IBM | Quote | Chart | News | PowerRating). The stock has closed lower for four consecutive days above its 200-day moving average and is now more oversold than at any point in the past month.

DISH Network (DISH | Quote | Chart | News | PowerRating) is expected to report quarterly earnings per share of 57 cents Monday morning before the open. DISH was up more than 5% intraday on Friday, rebounding from a one-day dip into oversold territory below the 200-day.

Down for three days in a row above its 200-day moving average on Friday were shares of Home Depot (HD | Quote | Chart | News | PowerRating). The stock managed to close significantly off its intraday lows.

An EPS loss of 37 cents per share is what analysts are expecting to hear from Nissan Motor Company (NSANY | Quote | Chart | News | PowerRating), which is scheduled to report quarterly earnings Monday morning. Oversold conditions from Thursday helped lure in buyers on Friday who bid the stock higher by more than 3% intraday.

Soaring by more than16% intraday on Friday and closing above its 200-day moving average for the first time since August 2008, VeriSign (VRSN | Quote | Chart | News | PowerRating) beat analyst estimates by six cents per share.

0 Comments:

Post a Comment

<< Home

Search Engine Submission and Search Engine Optimization

Disclaimer: This website may include stock market analysis. Any ideas or opinions expressed by us is for informational purposes. Trade at your own financial risk as we assume no responsibility for your investing decisions in the markets. Blogarama - The Blogs Directory BlogRankers.com Business Blog Top Sites TopBlog.ws - Top 
Blog, Directory and Search Engine <