TradingMarkets 7 Stocks You Need to Know for Monday

• By David Goodboy
• On 5:06 pm EDT, Friday October 2, 2009

The system was shocked today by a report showing unemployment at 25 year highs. Stocks reacted by trading steeply lower in the early session. Bargain hunting fueled buying pushed the market back into positive territory by midday. Unfortunately, the magnitude of the negative economic news was such that even aggressive bulls were not enough to prevent stocks from slipping back negative by the close. Troubling word from the banking front that the International Monetary Fund IMF is looking at banks as a source of funding to prevent another crisis did not help the day's bearish sentiment. The DJIA fell 21.61, the tech heavy Nasdaq ended the day down 9.37 and the broad based S&P 500 closed off 4.64.

Here are 7 stocks you need to know for Monday.

RPM International (NYSE:RPM - News) has its sights set on an EPS of 44 cents for their fiscal first quarter 2010 revealed prior to trading on Monday. The Stock PowerRating for RPM is 6.

A fiscal first quarter EPS of 33 cents is the forecast number for Mosaic Co (NYSE:MOS - News) after the close on Monday evening. The Stock PowerRating for MOS is 8.

Fourth quarter 2009 is expected to result in an EPS of 20 cents for Robbins & Myers Inc (NYSE:RBN - News) on Monday at the close of trading. The Stock PowerRating for RBN is 8.

Team Inc (NasdaqGS:TISI - News) has analysts awaiting an EPS of 11 cents after the bell on Monday for the fiscal first quarter 2010. The Stock PowerRating for TISI is 9.

H&R Block's (NYSE:HRB - News) bank division H&R Block Bank has 29% of its loans overdue placing it solidly into zombie bank status. The Stock PowerRating for HRB is 6.

PepsiCo's (NYSE:PEP - News) earnings forecast was raised by Deutsche Bank triggering massive buying in call options. The Stock PowerRating for PEP is 5.

Starwood Hotels and Resorts (NYSE:HOT - News) stated that demand is increasing for their Manhattan properties which may be signaling an end to the recession. The Stock PowerRating for HOT is 7.

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