TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks slipped into extreme oversold territory on Monday, as falling prices for crude oil and negative earnings from materials companies kept buyers at bay.
The Dow fell 125.21. The Nasdaq Composite lost 32.80. And the S&P 500 closed lower by 20.09.
Here are 7 Stocks You Need to Know for Tuesday.
In its earnings announcement after the market closed on Monday, Alcoa
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PowerRating) reported an EPS loss of 28 cents against expectations of a 5 cent loss.
Citigroup
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PowerRating) stands to gain as much as $10 billion by selling a controlling interest in its Smith Barney brokerage unit to Morgan Stanley
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PowerRating). Both stocks were lower on Monday, Citigroup dramatically so in losing more than 17%.
Goldman Sachs
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PowerRating) added Harley-Davidson
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PowerRating) to its “conviction selling” list. Goldman also cut its price target on the stock to $11.
General Motors
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PowerRating) CEO Rick Wagoner said that his company had enough cash on hand to make it through the spring and was still optimistic about avoiding Chapter 11 bankruptcy. The stock was higher on the day.
Linear Technology Corporation
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PowerRating) reports quarterly earnings Tuesday after the market closes. Analysts are expecting earnings per share of 34 cents.
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