TradingMarkets 7 Stocks You Need to Know for Monday

TradingMarkets.com
TradingMarkets 7 Stocks You Need to Know for Monday
Friday October 10, 3:54 pm ET
By TradingMarkets Research

The Dow industrials swung about wildly in a range of more than 1,000 points to put a volatile end to a volatile week in the markets.

The Dow ended the day down 128. The Nasdaq Composite closed higher by 4.39. And the S&P 500 lost 10.70.

Concerns over the weakening economy led Macy's (NYSE:M - News) to warn that annual profits might be lower than previously forecast. At its lowest on Friday, the stock was off by more than 9%.

Among those financial stocks rebounding on Friday were shares of Wachovia (NYSE:WB - News), up more than 34%.

Johnson & Johnson (NYSE:JNJ - News) reports earnings Tuesday morning before the bell. Analysts are expecting EPS of 1.12.

Traders worried that Morgan Stanley might face a cut in its credit rating by Moody's sent shares of the stock lower by more than 20%.

Reporting earnings before the market opens on Tuesday, PepsiCo (NYSE:PEP - News) is expected to announce EPS of 1.08.

Falling oil prices led to lower prices for major oil service company like Exxon-Mobil (NYSE:XOM - News), which lost more than 8% on Friday.

Capital One Financial (NYSE:COF - News) announced on Friday that it would no longer provide inventoary financing to automobile dealers in New York and New Jersey.

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