Well another weekend has come to an end and this one ended sooner than normal with the clocks going one hr ahead. As I scan the headlines to see what to watch for Monday, here are the stories that have peaked me interest so far:

Bloomberg has a good recap of the past week and its interesting to see how then S&P had its worst drop last week since November. So much for new government and new direction?

Also, Stephanie Link, director of research for Cramer’s Action Alerts PLUS Portfolio, says the market is oversold and reveals three strong sectors the portfolio is buying on pullbacks. Check this video out too for some good suggestions to add maybe to your watchlist, or even portfolio.
In the news:

The Canadian Auto Workers union announced on Sunday it had reached a tentative agreement with General Motors Corp. on concessionary changes to its labor agreement. This could help prop up the (GM) stock on Monday as its been taking a consistent beating lately. On the brink of extinction, both sides have probably realized that a lower paying job with less perks is better than standing in an unemployment line. Link.

Recession on track to be longest in postwar period. This does not need me to explain the dark reality printed in the article. Not only can we see this on the markets, but in daily lives of the rich or poor, everyone is cutting back on spending. Link.

(GERN) shares climbed 33% to $5.15 in heavy trading on news reports that President Barack Obama on Monday will sign an executive order overturning the ban that was put in place by President George W. Bush in 1991. The move would make good on a campaign pledge by Obama to lift the ban. Link.

Currently, the Asian markets are up but we all know that this can change in seconds. Personally, I will be watching the health sector due to the stem cell announcement. I know many stocks like (GERN) will have opened with a gap up but hopefully once people take profits and the stock gets stable, it could be a nice long term hold. Apart from this, bank stocks and (SKF) in case of a downward market will be my plays.

Hope you all find your picks and pull the trigger on some gains!

Happy Investing!

Aman, MBA

Related posts:

  1. Monday Watch:
  2. Tuesday close, Wednesday lookout
  3. Wednesday Summary and Thursday lookout