Sunday, September 13, 2009

7 Stocks you need to know for Monday

The 5 day stock market rally ended suddenly today despite better than expected Wholesale Sales figures and dropping inventories. Profit takers took control to secure their gains before the weekend despite the optimistic economic data. Oil slipped lower depressing the energy sector while gold shot higher once again. The DJIA slipped 22.07, the tech heavy Nasdaq dipped 3.12, and the broad based S&P 500 fell 1.41.

Here are 7 stocks
you need to know for Monday.

Reprehensible news of Wells Fargo's (WFC | Quote | Chart | News | PowerRating) executive Cheronda Guyton using a multi-million dollar foreclosed home as her party palace was made all the worse when it was revealed that the original owner lost the home due to investments with fraud king, Bernie Madoff.

FedEx (FDX | Quote | Chart | News | PowerRating) and United Parcel Service (UPS | Quote | Chart | News | PowerRating), long considered to be surrogates for the U.S. economy as they handle 80% of the package deliveries, climbed higher on optimistic forecasts.

Starbucks (SBUX | Quote | Chart | News | PowerRating) stated it will not close 30 stores on its closure list of 960 locations due to the improving economy.

American Eagle Outfitters (AEO | Quote | Chart | News | PowerRating), Gap Inc (GPS | Quote | Chart | News | PowerRating), and Limited Brands (LTD | Quote | Chart | News | PowerRating) all provided better than expected numbers, earlier indicating improvement in Consumer Sentiment.

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