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TradingMarkets' 7 Stocks You Need To Know About For Monday

By TradingMarkets Research | TradingMarkets.com
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Stocks rose the last day of the quarter, with the Dow posting its first September gain in seven years. Crude finished at $66.24.

For the quarter, the Dow rose 2.9%, the S&P added 3.2% and the Nasdaq gained 4.6%.

Energy stocks gained close to 20% for Q3. Natural gas rose 80% in Q3 with gasoline rising 44% and crude oil, +13%.

AMR (AMR | Quote | Chart | News | PowerRating) said it will temporarily cancel 15 flights from its Chicago O'Hare and Dallas DFW hubs because of the high cost of jet fuel.

Personal income in August fell 0.1%; personal spending fell 0.5%. The University of Michigan consumer sentiment index was 76.9 vs. 78 consensus. The Chicago PMI was 60.5 vs 52.0 consensus.

Now, here are a few stocks to watch for Monday:

Google (GOOG | Quote | Chart | News | PowerRating) may be added to the S&P 500 after the close on Monday--at least that's the rumor. The stock ran up on Friday on speculation it might be added on Friday.

Guidant (GDT | Quote | Chart | News | PowerRating) said its Vitality HE implantable defibrillator received FDA approval.

Computer Sciences (CSC | Quote | Chart | News | PowerRating) said it signed federal contracts worth $650 million. There may be resistance at that swing high near the beginning of August.

Orthofix (OFIX | Quote | Chart | News | PowerRating) said it settled--for $75 million (in its favor)--a patent suit between its subsidiary, Novamedix, and Kinetic Concepts, Inc. (KCI | Quote | Chart | News | PowerRating).

The CEO at SeaChange (SEAC | Quote | Chart | News | PowerRating) bought 91,000 shares between $5.36 - $5.66. The stock rose 13% on Friday--basically parabolic--but may be one to watch on pullbacks.

A director at Electronic Clearing (ECHO | Quote | Chart | News | PowerRating) bought 14,000 shares at $9.16/share. Generally speaking, insider buys are more significant than sales.

Proctor & Gamble (PG | Quote | Chart | News | PowerRating) meets with analysts on Monday.

Brice Wightman


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