Sunday, March 21, 2010

7 Stocks you need to know for Monday

Monday is a dearth of economic reports but several interesting earnings releases should add a bit of flavor to the day. Quadruple Witching Friday lived up to its ominous name for the stock market bulls. The bulls were stopped dead in their tracks on the final trading session of the week. An interest increase in India, further economic jitters from Greece and renewed U..S interest rate concerns awoke the bears from their hibernation. Additional stock negative rhetoric from former Fed Chairman Alan Greenspan gave the final knock out blow to the dazes bulls. International Business Machines and 3 Com led the DJIA lower falling 37.19, the tech heavy Nasdaq gave back 16.87, and the broad based S&P 500 dipped 5.93.

Here are 7 stocks you need to know for Monday.

Phillips-Van Heusen Corp ( PVH | Quote | Chart | News | PowerRating) reports after the close Monday with an expected EPS of 59 cents.

Jeweler Tiffany & Co ( TIF | Quote | Chart | News | PowerRating) is looking for an EPS of $1.13 prior to the opening bell.

High end kitchen supply retailer, Williams Sonoma Inc ( WSM | Quote | Chart | News | PowerRating) reports before the open with a forecast EPS of 73 cents.

Rumors of a Palm Inc ( PALM | Quote | Chart | News | PowerRating) takeover hit the street amidst its warning of sharply lower revenue.

In a surprising reversal, Citigroup ( C | Quote | Chart | News | PowerRating), has stated it plans on expanding its retail mortgage business instead of exiting as originally announced.

Raider Carl Ichan is making a move to takeover Lions Gate Entertainment ( LGF | Quote | Chart | News | PowerRating) with an intial offer of $6.00/share.

Cerner Corp ( CERN | Quote | Chart | News | PowerRating) is being added to the S&P 500 replacing BJ Services.


Anonymous Anonymous said...

It is easier to get than to keep it...................................................

10:46 PM EDT  

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