Friday, April 16, 2010
7 Critical Stocks For Monday
Investors can expect another full plate of important earnings on Monday. Leading indicators and several T-bill auctions complete the economic release picture. Stocks plunged today after the SEC accused Wall Street heavyweight, Goldman Sachs of fraud in the Abacus CDO transaction. The allegations focused on supposed misstatement of facts. Financial shares led today's sharp sell off. Even Mother Nature roared with the bears as a volcanic ash cloud disrupted airline transportation worldwide. The U.S. dollar was the beneficiary of the selling as capital sought the safety of the Greenback. The DJIA plunged 125.91, the tech heavy Nasdaq fell 34.43, and the S&P 500 gave back 19.54.
Here Are 7 Stocks You Need To Know For Monday.
Citigroup (NYSE:C - News) is expecting to break even at an EPS of zero prior to the opening bell. The Stock PowerRating for C is 3.
Controversial defense contractor, Halliburton Company (NYSE:HAL - News), has analysts awaiting a, before the bell, EPS of 25 cents. The Stock PowerRating for HAL is 5.
Drug kingpin, Eli Lilly and Company (NYSE:LLY - News), is looking at an EPS of $1.10 prior the 9:30 AM EST market opening. The Stock PowerRating for LLY is 5.
Computer stalwart, International Business Machines (NYSE:IBM - News), reports after the close with a forecast EPS of $1.93. The Stock PowerRating for IBM is 5.
A 95 cent loss awaits investors in Zions Bancorp (NasdaqGS:ZION - News) after the closing bell. The Stock PowerRating for ZION is 2.
Goldman Sachs (NYSE:GS - News) is vigorously defending itself from SEC CDO trade fraud allegations. The Stock PowerRating for GS is 4.
Bank of America (NYSE:BAC - News) posted its first gains in three quarters on loan loss declines and investment banking. The Stock PowerRating for BAC is 3.
Posted by marketsurfer at 4:23 PM