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7 Stocks you need to know for Monday
Jan 12, 2009

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Gekko

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The Dow ended the day down 143.28. The Nasdaq lost 45.42. And the S&P 500 closed lower by 19.38.

Here are 7 Stocks You Need to Know for Monday

Alcoa (AA | Quote | Chart | News | PowerRating) reports quarterly earnings on Monday after the market closes. Analysts are expecting an EPS loss of ten cents.


In late breaking news on Friday, Morgan Stanley (MS | Quote | Chart | News | PowerRating) announced that it would be buying a controlling interest in Citigroup's (C | Quote | Chart | News | PowerRating) brokerage unit. Citigroup announced earlier in the day that Robert Rubin was stepping down as special counselor.

The Wall Street Journal reported that Yahoo! (YHOO | Quote | Chart | News | PowerRating) was nearing the end of its search to replace outgoing co-founder and CEO, Jerry Yang. Among the candidates is Yahoo! president Susan Decker.

The new entry by Palm (PALM | Quote | Chart | News | PowerRating) into the competitive smart phone market cheered traders who boosted shares of both PALM and Sprint Nextel (S | Quote | Chart | News | PowerRating) on Friday.

Reporting earnings before the bell on Monday is Charles Schwab (SCHW | Quote | Chart | News | PowerRating). The full service brokerage is expected to announce earnings per share of 0.26.

by Gekko (The Knight Trader)

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