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.
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