TradingMarkets 7 Stocks You Need to Know for Tuesday
Both the S&P 500 and the Dow 30 finished in slightly oversold territory and the tech stocks of the Nasdaq outperformed on a overall profit-taking day for traders.
The Dow lost 155.88. The Nasdaq Composite ended the day down 7.76. And the S&P 500 closed lower by 19.99.
Here are 7 Stocks You Need to Know for Tuesday.
Microsoft
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Among the companies reporting earnings Tuesday morning before the market opens is The Great Atlantic & Pacific Tea Company, also known as The Gap
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PowerRating). The Gap is expected to announce an earnings per share loss of 22 cents. The stock has traded in a range between $6.50 and $7.50 for most of the past 30 days.
Bankruptcy increasingly looks like the most likely option for General Motors
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The recent selling in technology stocks has led to a number of stocks rallying from oversold lows above their 200-day moving averages in the Nasdaq 100. These stocks include Amazon.com
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Reporting quarterly earnings after the bell on Tuesday is Applied Materials
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Also reporting after the close on Tuesday is Jack-in-the-Box
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PowerRating). The fast food chain is expected to announce EPS of 44 cents. JACK had pulled back for three consecutive trading days above its 200-day moving average before bouncing by more than 2% intraday on Monday.
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