TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks endured a third straight day of heavy selling, as investors dumped financial stocks with renewed vigor. Oil surged above $108 per barrel, another record high, and the dollar continued its downward spiral.
The Dow lost -153.54, the Nasdaq Composite -43.15, and the S&P 500 -20.00.
Here are 7 stocks to watch…
Bear Stearns
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PowerRating) plunged more than 11%, its largest fall since the ’87 crash, on liquidity concerns.
Blackstone Group
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PowerRating) reported an 89% decline in Q4 profit, but its shares rose nearly 3%.
Texas Instruments
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PowerRating) cut its Q1 revenue and profit forecasts.
WellPoint
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PowerRating) lowered Q1 and full-year guidance.
After the close, homebuilder Hovnanian Enterprises
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PowerRating) missed earnings estimates by -$0.11.
And before the market open, Kroger
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PowerRating) is expected to report earnings of $0.47.
McDonald’s
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PowerRating) reported an 11.7% rise in same store sales for the month and an 8.6% rise year-to-date.
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