Four Stocks to Watch This Week
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: "This could be the week that Toyota passes GM" in U.S. sales, Hilsenrath said. GM stock on Monday hit its lowest point since 1954.
Bank of America: "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: 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: 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.