TradingMarkets 7 Stocks You Need to Know for Today

The markets closed lower again on Friday to finish a rough week for stocks. The Dow was the percentage leader to the downside.

The Dow closed down 106.91. The Nasdaq Composite ended the day lower by 5.74. And the S&P 500 finished down 4.77.

Here are 7 Stocks You Need to Know for Monday

Has the acquirer become the acquired? A Sanford Bernstein analyst is suggesting that Bristol Meyers Squibb (BMY | Quote | Chart | News | PowerRating) may be a takeover target only a day after making an acquisition of its own in buying Kosan Biosciences Inc.

Missing analyst estimates for fourth quarter earnings and providing a less than optimistic forecast led to lower prices for shares of Palm (PALM | Quote | Chart | News | PowerRating) on Friday, which were down more than 8%.

A larger than expected loss for Micron Technology (MU | Quote | Chart | News | PowerRating) led to a stampede from the stock on Friday, with shares lower by more than 12%.

Sony Ericcson - a joint venture between L.M. Ericsson Telephone ADS (ERIC | Quote | Chart | News | PowerRating) and Sony Corporation (SNE | Quote | Chart | News | PowerRating) - announced that it would likely break even rather than produce a second quarter profit due to slowing cell phone demand.

Accenture (ACN | Quote | Chart | News | PowerRating), the business technology consultancy firm reported a dramatic 36% gain in quarterly profits and provided an improved forecast for the year.

H&R Block (HRB | Quote | Chart | News | PowerRating) reported earnings this morning, beating analyst estimates by 7 cents.

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