Monday Morning Coffee with TradingMarkets

Good Morning!

Morgan Stanley, Goldman Sachs to Become Bank Holding Companies ... Asian Stocks Soar for Second Day ... Citigroup: Buy Australian Dollar, Sell Yen As Carry Trade Resumes ... Congress Weighs Bush-Paulson Bailout Package ... Washington Mutual Continues Search for Suitor ...

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TradingMarkets 7 Stocks You Need to Know for Monday

Here are 7 stocks for traders for Monday from TradingMarkets.com:

• Financial stocks rallied by double digits on Friday, with many gapping up on the open and closing well off their highs. Merrill Lynch (MER | Quote | Chart | News | PowerRating) gained more than 30%, Morgan Stanley (MS | Quote | Chart | News | PowerRating) gained more than 20%, and JP Morgan (JPM | Quote | Chart | News | PowerRating) added more than 16%, closing at levels not reached since May.
  
  
• Auto Zone (AZO | Quote | Chart | News | PowerRating) reports earnings Monday morning before the market opens. Analysts are expecting EPS of 3.90.
  
  
• Oracle (ORCL | Quote | Chart | News | PowerRating) gained more than 7% on Friday after beating analyst earnings estimates by two cents
  
  
• Palm Inc. (PALM | Quote | Chart | News | PowerRating) reported its fifth consecutive quarterly loss, as competition from Research in Motion's (RIMM | Quote | Chart | News | PowerRating) Blackberry continues to outsell Palm's line of smartphones.
  

For a list of today's highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

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Whether or not the proposed bailout plan restores confidence in the financial system, swing traders now more than ever need to be wary of straying from a winning approach to buying into weakness and selling into strength.

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