Saturday, November 22, 2008

Stocks to Watch for Monday

Hewlett Packard (HPQ - 34.64, +2.83, +8.9%) is said to be reporting fourth-quarter earnings of $1.01 a share in the fourth quarter, according to analysts.

Campbell Soup (CPB - 36.27, +0.85, +2.4%) should report first-quarter earnings of 77 cents a share, according to analysts.

Target Corp. (TGT - 28.08, +0.08, +0.3%) said it has rejected proposals by the hedge fund firm Pershing Square regarding its real estate portfolio. Ackman had proposed that Target spin off the land it owns into a real estate investment trust in hopes of improving the company's value.

Sprint Nextel Corp.'s (S - 1.71, +0.34, +24.8%) John Garcia, who has been overseeing Sprint's CDMA business, has announced he is leaving the company. The reasons for Garcia's departure are not clear, according to reports. Keith Cowan, president of strategy and corporate development will take over as an interim replacement while Sprint searches for a successor to oversee the unit which controls 70% of Sprint's customer base.

CBRL Group (CBRL -11.64, -0.13, -1.1%) is projected to announce earnings of 50 cents a share in the first quarter, says a FactSet Research survey.

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