TradingMarkets 7 Stocks You Need to Know for Monday

With the Dow up more than 300 points at midday, stocks reversed shortly thereafter to close lower by more than 1%.

The Dow fell 157.47. The Nasdaq Composite lost 29.33. And the S&P 500 closed lower by 15.05.

Here are 7 Stocks You Need to Know for Monday

Citigroup (C | Quote | Chart | News | PowerRating) now has the competition of Wells Fargo (WFC | Quote | Chart | News | PowerRating), as both banks attempt to woo Wachovia (WB | Quote | Chart | News | PowerRating) into an acquisition agreement.

Up more than 1% on Friday, shares of Pfizer (PFE | Quote | Chart | News | PowerRating) are both overbought and trading below their 200-day moving average.

Oversold and trading above its 200-day moving average were shares of McDonalds Corporation (MCD | Quote | Chart | News | PowerRating) and Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating), both of which pulled back by more than 2% on Friday.

Shares of Caterpillar (CAT | Quote | Chart | News | PowerRating) closed down five days in a row for the second time in eleven days on Friday.

Do you think Caterpillar 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!