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7 Stocks you need to know for Monday
Oct 26, 2008

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Gekko

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PNC Financial Services Group (PNC | Quote | Chart | News | PowerRating) has agreed to buy National City Corporation (NCC | Quote | Chart | News | PowerRating) at a discount of 19%. PNC will use funds from the Treasury bank recapitalization program to finance the acquisition.


Reporting earnings Monday after the market closes, Universal Health ServicesUHS | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.77. (

Despite announcement of production cuts by OPEC, oil stocks such as Hess Corporation (HES | Quote | Chart | News | PowerRating) and Chevron (CVX | Quote | Chart | News | PowerRating) were on the retreat on Friday.

Anti-trust authorities in Russia have blocked Google's (GOOG | Quote | Chart | News | PowerRating) efforts to acquire the Internet advertising company ZAO Begun.

A profit-warning from Sony (SNE | Quote | Chart | News | PowerRating) helped send stocks lower across the board to start trading on the final trading day of the week.

by Gekko (The Knight Trader)

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