TradingMarkets’ 7 Stocks You Need To Know About For Tuesday
Stocks ended slightly
higher after an early Rita relief rally fizzled.
After opening higher in the morning, stocks gave back gains as crude prices rose
later in the session after reports that damaged refineries may be shut longer
than expected. Valero said its Port Arthur refinery may be shut two to
four weeks. Also pressuring stocks were interest rates, as the ten year yield
moved up to a near 6-week high.
Existing home sales in August unexpectedly
rose 2%, the second highest rate on record.
Greenspan warned that speculative home buying
may be driving prices higher and presents a risk for homeowners with interest
only mortgages.
After the close, Jabil Circuit
(
JBL |
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by a penny and issued in-line guidance.
Now, here are a few stocks to watch on Tuesday:
Atwood Oceanics
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ATW |
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may challenge its recent highs.
The Oil Service HOLDRs
(
OIH |
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further from this pullback.
Kerr McGee
(
KMG |
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is in a strong uptrend and rallied on MOnday.
Halliburton
(
HAL |
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has the potential to break out.
Amgen
(
AMGN |
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bounced off its 50-day moving average.
Chiquita Brands
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closed near its 200-day moving average after a pullback.
Peabody Energy
(
BTU |
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could rally further on Tuesday.
Brice Wightman