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Four Stocks to Watch This Week
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Jon Hilsenrath, money and investing news editor at The Wall Street Journal, offered CNBC his "4 for 4": the four stocks he says investors must watch on this shortened business week.
General Motors [GM
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]: "This could be the week that Toyota [TM
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] passes GM" in U.S. sales, Hilsenrath said. GM stock on Monday hit its lowest point since 1954.
Bank of America [BAC
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]: "This week, the Countrywide deal happens. ...It's up to [Bank of America CEO] Ken Lewis" to make the acquisition pay off for BoA.
Coca-Cola [KO
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]: The beverage maker "gets a new CEO" on Tuesday, with Muhtar Kent replacing E. Neville Isdell. Hilsenrath says that the Coke board has enormous faith in Kent -- and notes that 80 percent of Coke's sales are outside the U.S.
Constellation Brands [STZ
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]: Hilsenrath says the alcoholic-beverage maker, which reports its earnings this week, is actually "interesting beyond earnings" -- "particularly in light of Anheuser-Busch" and other consolidation stories in the industry.
Disclosures:
Hilsenrath's "4 for 4" are not intended as investment recommendations. No disclosure information was available for Hilsenrath.
Data is a real-time snapshot *Data is delayed at least 15 minutes
