The Stock List: Tech Up, Gold Down as Buyers Lift Stocks from Session Lows
Among the sectors to lead the intraday rally were retail and technology. Leading retail stocks included ^WFMI^, up more than 4%, and ^PSS^, gaining more than 3%. ^AAPL^ added well over 2% in rallying to a new high for the year, while semiconductor maker ^SNDK^ closed higher again below the 200-day moving average, up 2% ahead of Tuesday’s open.
Gold stocks finished off their highs, with stocks like ^GG^ closing lower for a sixth day out of the past seven.
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Here are 7 Stocks You Need to Know for Tuesday.
What’s up on a down day? Rallying to new highs on gains of more than 5% on Monday were both ^CMG^ and ^SBUX^. Both stocks are trading above their 200-day moving averages and are set to open overbought Tuesday morning.
It’s a thin line between love and hate in the stock market – and shares of ^NFLX^ continue to sell-off beneath it. The stock fell by more than 7% on Monday and is set to open deeply oversold below the 200-day moving average, having closed lower for five days in a row.
More aggressive selling in the S&P 500 came in the form of the reversal in shares of ^MWW^. Shares of Monster Worldwide arrived on the market on Monday up five in a row beneath the 200-day moving average, with the past two closes in overbought territory. That was enough to bring out the sellers, who sent MWW lower by more than 7% in Monday’s session.
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Pulling back for a third day in a row above its 200-day moving average on Monday were shares of ^BIDU^. The stock closed below its 5-day moving average, but finished well off session lows.
Financial stocks remained in the grip of sellers ahead of trading on Tuesday. Down well over 7% and closing lower for a second day in a row were shares of ^MS^.
Sellers were also out in force in the energy market, selling oil shares like ^HAL^ for a second day in a row. HAL finished off more than 4%.
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David Penn is Editor in Chief of TradingMarkets.com