TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks responded to increasingly overbought conditions with a sell-off to start the trading week. The Dow industrials were the percentage leader to the downside.
The Dow lost 180.51. The Nasdaq Composite closed lower by 35.54. And the S&P 500 ended the day down 19.60.
Here are 7 Stocks You Need to Know for Tuesday
Rising prices and an analyst downgrade encouraged traders to sell shares of The Hershey Company
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PowerRating), which were down by more than 9% on Monday.
Analysts are expecting earnings per share of $0.76 when Target
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PowerRating) reports earnings Tuesday morning before the open.
Electronic Arts
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PowerRating) announced that it was withdrawing its $2 billion bid for Take-Two Interactive Software
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PowerRating) – though the two software gaming companies remain in negotiations.
Fears that the U.S. government will be forced to bailout both Fannie Mae
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PowerRating) and Freddie Mac
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PowerRating), led to aggressive selling in shares of both companies on Monday.
Home Depot
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PowerRating) reports quarterly earnings Tuesday before the bell. Analysts are expecting EPS of $0.61.
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