TradingMarkets 7 Stocks You Need to Know for Monday

By | TradingMarkets.com | June 26, 2009 05:00 PM
Symbols: IBM, HRB, DELL, SMSC

Stocks ended the week on an upbeat note triggered by positive consumer economic news. Personal income and spending both increased along with the savings rate. The savings rate increase counteracted the income and spending news causing stocks to finish mixed with the DJIA slipping 34.01 the Nasdaq eased ahead by 8.68 and the S&P 500 fell 1.36.


Here are 7 stocks you need to know about for Monday:


Personal tax preparation giant, H&R Block ( HRB | Quote | Chart | News | PowerRating), releases its fiscal fourth quarter earnings after the bell on Monday. Analysts are estimating $2.07.


Computer stalwart IBM ( IBM | Quote | Chart | News | PowerRating) has filed suit to prevent former M&A head, David Johnson, from joining Dell ( DELL | Quote | Chart | News | PowerRating) due to a non-compete agreement.


Accenture ( ACN | Quote | Chart | News | PowerRating) raised its forecast for full year profits due to increased demand.


Standard Microsystems ( SMSC | Quote | Chart | News | PowerRating) stated it expects its losses to be less than estimated for the second quarter.


Insmed's ( INSM | Quote | Chart | News | PowerRating) drug failed to show efficacy in genetic disorder study, sending shares sharply lower.


Software maker TIBCO ( TIBX | Quote | Chart | News | PowerRating) beats analysts profits estimates by 24%.


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Read David's latest thoughts on his blog, www.marketsurfer.com
Original publication: June 26, 2009

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