A terrible non-farm payroll report sent stocks skidding lower at the open. The results were far below even the most pessimistic analyst estimate causing stocks to tumble for the fifth straight week. Although bargain hunters stemmed the decline, shares spent the session in negative territory closing below the critical line in the sand in the S&P 500. Stocks seemed to shrug off positive news from the service sector indicating 18 months of gains. No domestic economic news hits the street Monday. Investors should exercise caution prior to buying the dip. Have a great weekend!
5 Hot Stocks for Monday
FuelCell Energy (Nasdaq: FCEL) The battery company reports after the close with a forecast loss of $0.11. Shares are off by about 1%.
Pep Boys (NYSE: PBY) $0.30 is slated for the auto parts chain after the closing bell. Shares are lower by more than 1%.
Mitcham Industries (Nasdaq: MIND) The seismic equipment company is expected to make $0.32 upon the close of trading. The stock is up about 2%.
DryShips (Nasdaq: DRYS) A Golman Sachs upgrade sent shares higher by more than 8%.
Newell Rubermaid (NYSE: NWL) Slowing consumer demand caused the packaging company to cut its outlook sending shares spiraling lower by more than 11%.
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