7 Stocks You Need to Know for Monday

.S. stocks recovered most of Wednesday's losses, with financial stocks leading the advance. Commodity prices continued their rapid descent and the dollar rose.

The Dow gained +261.66 , the Nasdaq Compsite +48.15, and the S&P 500 +31.09. The markets are closed on Friday in observance of the Easter holiday.

Nike (NYSE:NKE - News) jumped 8.4% after beating earnings estimates. NKE's Short Term PowerRating is 5.

Carnival Corp. (NYSE:CCL - News) also gained 8.4% after reporting earnings above expectations. CCL's Short Term PowerRating is 4.

Shares of CIT Group (NYSE:CIT - News) plunged as much as 42%, before closing down 17%, after Fitch Ratings said the company may need to use a $7.3 billion backup credit line. CIT's Short Term PowerRating is 6.

Bain Capital and its Chinese partner dropped their $2.2 billion bid for 3Com (NasdaqGS:COMS - News) after failing to reach an agreement that would satisfy the U.S. government's national security concerns. COMS' Short Term PowerRating is 6.

After the close, Palm (NasdaqGS:PALM - News) missed estimates by -$0.02, reporting a loss of -$0.16 per share. PALM's Short Term PowerRating is 5.

Before the market open on Monday, Walgreen (NYSE:WAG - News) is expected to report earnings of $0.67. WAG's Short Term PowerRating is 4.

Do you think Goldman Sachs (NYSE:GS - News) will close up or down on Tuesday? GS' Short Term PowerRating is 3. Play TradingMarkets Up or Down Daily Stock Contest for the chance to win $1000 every month by predicting the direction of a stock.