7 Stocks You Need to Know for Monday

Stocks plunged on Friday after General Electric reported much weaker than anticipated results, and lowered its earnings forecast for 2008, and consumer sentiment fell to a 26-year low The Dow fell -256.56, the Nasdaq Composite -61.46 and the S&P 500 -27.72.

7 Stocks You Need to Know for Monday

General Electric (NYSE:GE) plunged nearly 13%, the most since the '87 crash, after the company reported earnings that missed estimates by $0.07 per share. The news was particularly disappointing because the company announced in January that it expected to report earnings in-line with estimates. GE's Short Term PowerRating is 5.

Shares of AMR Corp (NYSE:AMR) dropped after American Airlines was forced to cancel hundreds more flights on Friday. The total number of flights cancelled by American Airlines so far this week rose above 2,600. AMR's Short Term PowerRating is 5.

Genentech (NYSE:DNA) reported earnings of $0.84 per share, beating the consensus forecast by $0.02. DNA's Short Term PowerRating is 6.

Fastenal (NasdaqGS:FAST) rose more than 4% after the company beat estimates by $0.03. FAST's Short Term PowerRating is 4.

Shares of Frontier Airlines (NYSE:FRNT) collapsed 69% after the company filed for Chapter 11 bankruptcy protection.

Before the market open on Monday, BlackRock (NYSE:BLK) is scheduled to report earnings, with analysts looking for $2.05 per share. BLK's Short Term PowerRating is 7.

And, Charles Schwab (NYSE:SCHW) is expected to report earnings of $0.26. SCHW's Short Term PowerRating is 5.