TradingMarkets 7 stocks you need to know for Monday

Stocks staged a short-lived rally after this morning's September jobs report, but drifted in a range the rest of the session, closing slightly higher.

Nonfarm payrolls for September fell 35,000, better than expected; the unemployment rate was 5.1%. The full impact of Hurricane Katrina did not show up in the numbers. Average hourly earnings rose 0.2%.

The S&P 500 was off -2.8% this week on inflation fears and higher interest rates. Crude oil fell 5% on the week. Gold is near an 18-year high.

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

The OIH looks oversold; it made a rally attempt on Friday.

Halliburton (HAL | Quote | Chart | News | PowerRating), in that group, has a similar pattern.

I mentioned ExxonMobil (XOM | Quote | Chart | News | PowerRating) on Thursday night, and it too made an attempt.

The Semis (SMH | Quote | Chart | News | PowerRating) also look oversold.

AMD, in the same group, may bounce.

Bear Stearns (BSC | Quote | Chart | News | PowerRating) has dropped for four days straight.

Kerr McGee (KMG | Quote | Chart | News | PowerRating) is oversold and may bounce.

Brice Wightman