TradingMarkets 7 Stocks You Need to Know for Tuesday

Traders started the week in a selling mood as gains were taken from stocks across the board. Financials and energy stocks led the markets lower by as much as 3% in the Dow and S&P 500.

The Dow slid 254.16. The Nasdaq Composite lost 43.40. And the S&P 500 ended the day down 28.41.

Here are 7 Stocks You Need to Know for Tuesday.

On the urging of the White House, Rick Wagoner stepped down from his position as CEO of General Motors
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on Monday. The move was seen as a rejection of Wagoner’s efforts to restructure the company in the face of a government-mandated deadline.

Announcing quarterly earnings Tuesday before the market opens is home builder Lennar
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. Analysts are expecting an earnings per share loss of 64 cents.

Ebay
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acquisition, Skype announced that it will begin providing WiFi access for users of the iPhone.

The rise in popularity of the Blu-ray format over the DVD format has encouraged Netflix
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to boost its Blu-ray rental fees by 20%.

Morgan Stanley
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added to the bearish tone of Monday by recommending traders sell the current rally in the S&P 500 after call it the “steepest” since the 1930s. Goldman Sachs
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expressed similar anxieties, encouraging its clients to avoid “cyclical stocks” in particular.

Apollo Group
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is expected to report quarterly EPS of 0.65 when it announces earnings Tuesday after the bell.

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