TradingMarkets 7 Stocks You Need to Know for Tuesday
Failure to pass a compromised Wall Street bailout bill in the House of Representatives led to the most aggressive selling in years, sending stocks across the board sharply lower on Monday.
The Dow finished the day off 777.68. The Nasdaq Composite closed lower by 199.61. And the S&P 500 lost 106.59 on the day.
Here are 7 Stocks You Need to Know for Tuesday.
Citigroup
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PowerRating) announced that it was taking over the banking business of Wachovia
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PowerRating) for $2 billion in stock.
Reporting earnings Tuesday morning before the market opens, Pepsi Bottling Group
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PowerRating) is expected to announce EPS of 1.04.
One of the very few stocks in the S&P 500 to move higher on Monday was Campbell Soup
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PowerRating), which still gained less than half of one percent.
Among the biggest decliners in the Dow industrials, American Express
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PowerRating) slid by more than 12%.
Apple
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PowerRating) was down by more than 13% less than an hour into trading on Monday after a Morgan Stanley
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PowerRating) analyst suggested slower sales going forward. The stock finished down more than 17%.
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