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TradingMarkets 7 Stocks You Need to Know for Monday

By David Penn | TradingMarkets.com
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The Dow industrials swung about wildly in a range of more than 1,000 points to put a volatile end to a volatile week in the markets.

The Dow ended the day down 128. The Nasdaq Composite closed higher by 4.39. And the S&P 500 lost 10.70.

Here are 7 Stocks You Need to Know for Monday.

Concerns over the weakening economy led Macy's (M | Quote | Chart | News | PowerRating) to warn that annual profits might be lower than previously forecast. At its lowest on Friday, the stock was off by more than 9%.

Among those financial stocks rebounding on Friday were shares of Wachovia (WB | Quote | Chart | News | PowerRating), up more than 34%.

Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the bell. Analysts are expecting EPS of 1.12.

Traders worried that Morgan Stanley (MS | Quote | Chart | News | PowerRating) might face a cut in its credit rating by Moody's sent shares of the stock lower by more than 20%.

Reporting earnings before the market opens on Tuesday, PepsiCo (PEP | Quote | Chart | News | PowerRating) is expected to announce EPS of 1.08.

Falling oil prices led to lower prices for major oil service company like Exxon-Mobil (XOM | Quote | Chart | News | PowerRating), which lost more than 8% on Friday.

Capital One Financial (COF | Quote | Chart | News | PowerRating) announced on Friday that it would no longer provide inventoary financing to automobile dealers in New York and New Jersey.

Do you think Capital One Financial will be Up or Down on Tuesday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 each month by correctly guessing the direction of a stock!


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