TradingMarkets 7 Stocks You Need to Know for Monday

By | TradingMarkets.com | June 05, 2009 05:00 PM

On a day when oil popped early and then faded as the dollar rallied, the markets overall were little changed on Friday.


The Dow gained 12.89. The Nasdaq Composite slipped 0.60. And the S&P 500 ended the day down 2.37.


Here are 7 Stocks You Need to Know for Monday.


Among the few companies reporting quarterly earnings on Monday, Pep Boys - Manny, Moe & Jack ( PBY | Quote | Chart | News | PowerRating) are expected to announce per share earnings of six cents. PBY has closed up for the past five consecutive trading days.


Four outside directors have joined the board of Bank of America ( BAC | Quote | Chart | News | PowerRating) in a move designed to accommodate federal regulators. Shares of BAC have spent the past two days in increasingly overbought territory below the 200-day moving average.


Even Citigroup ( C | Quote | Chart | News | PowerRating) CEO Vikram Pandit may not be spared from the upper management house-cleaning sought by the FDIC.


General Motors announced on Friday that it was selling its Saturn unit to Roger Penske of Penske Automotive Group ( PAG | Quote | Chart | News | PowerRating). PAG has traded in a tight $1 range above its 200-day moving average since rallying into overbought territory on the first of June.


Wal-Mart ( WMT | Quote | Chart | News | PowerRating) reported that it has approved a $15 billion share buyback program. Shares of WMT were volatile on Friday, but settled near the middle of the range.


Steve Jobs will return to Apple ( AAPL | Quote | Chart | News | PowerRating) following a six-month medical leave, according to a report in the Wall Street Journal. Apple stock closed at its highest levels since September 2008 on Friday and is extremely overbought.


Shares of Hewlett-Packard ( HPQ | Quote | Chart | News | PowerRating) soared by more than 3% on Friday, closing above its 200-day moving average for the first time in more than nine months.


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Original publication: June 05, 2009

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