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Saturday, November 15, 2008

TradingMarkets 7 Stocks You Need to Know for Monday

Another roller coaster saw stocks rally from a steep sell-off after midday only to fade into the close.

The Dow lost 337.94. The Nasdaq Composite closed lower by 79.85. And the S&P 500 ended the day off 38.00.

Here are 7 Stocks You Need to Know for Monday.

In a memo to employees, Citigroup (NYSE:C - News) CEO said that the company's revenues are "strong and stable." The Short Term PowerRating for C is 7.

Sun Microsystems (NasdaqGS:JAVA - News) announced on Friday that it was cutting up to 6,000 jobs. The Short Term PowerRating for JAVA is 5.

Reporting a quarterly loss of more than $25 billion, mortgage finance giant Freddie Mac (NYSE:FRE - News) petitioned the U.S. Treasury for more than $13 billion in emergency funding. The Short Term PowerRating for FRE is 5.

Belgian brewer InBev won U.S. antitrust approval for its proposed acquisition of Anheuser-Busch (NYSE:BUD - News). Shares of BUD have gained more than 20% since making an oversold low in late October. The Short Term PowerRating for BUD is 5.

After a dramatic intraday reversal on Thursday, Dell (NasdaqGS:DELL - News) was one of the best performers in the S&P 500 on Friday, rallying by more than 6% intraday. The Short Term PowerRating for DELL is 7.

More retail earnings on deck for Monday. Target (NYSE:TGT - News) reports before the bell, with analysts expecting earnings per share of 0.49. Also reporting before the market opens on Monday is Lowe's (NYSE:LOW - News). Lowe's is expected to announce EPS of 0.28. The Short Term PowerRatings for TGT and LOW is 5 and 4 respectively.

Do you think Target will be Up or Down on Tuesday? Go to TradingMarkets.com to play the TradingMarkets' Up or Down Stock Contest for your chance to win $1,000 each month by correctly guessing the direction of a stock!


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