TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks responded to overbought conditions with a sell-off on Friday. The Dow industrials, the Nasdaq and the S&P 500 all down more than 1%.
The Dow lost 171.22. The Nasdaq Composite closed lower by 44.12. And the S&P 500 ended the day down 17.85.
Here are 7 Stocks You Need to Know for Tuesday.
PetSmart
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PowerRating) gained more than 10% on Friday after reporting better than expected quarterly earnings.
Lower than expected sales projections at Marvell Technology Group Ltd.
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MRVL |
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PowerRating) encouraged traders to sell the stock at week’s end. MRVL was down more than 4% on Friday.
Machinists rejected a “best and final” offer by Boeing
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BA |
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PowerRating), calling the company’s proposal “very inadequate in all areas.”
Losing 4% on Friday, shares of International Paper
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IP |
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PowerRating) were downgraded by a Deutsche Bank AG analyst from “buy” to “hold.”
Fannie Mae
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FNM |
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PowerRating) closed lower for the first time in five days on Friday, losing nearly 14% on the day.
Citing a slowdown in technology spending in Europe, Dell
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DELL |
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PowerRating) reported quarterly earnings that fell short of analyst estimates by five cents.
General Motors
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GM |
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PowerRating) announced a recall of more than 940,000 vehicles in response to a potential short circuit in the washer fluid system that could cause fires. So far, three fires have been linked to this problem.
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