TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks sold off aggressively to start the final trading week of August, with the Dow, Nasdaq and S&P 500 all losing 2% or more on the day.
The Dow lost 241.81. The Nasdaq Composite fell by 49.12. And the S&P 500 ended the day lower by 25.36.
Here are 7 Stocks You Need to Know for Tuesday.
Increasingly overbought, shares of Advanced Micro Devices
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AMD |
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PowerRating) gained more than 2% on Monday as traders cheered the company’s decision to sell one of its semiconductor units to Broadcom
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BRCM |
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PowerRating). Shares of Broadcom were down more than 4%.
Analysts are expecting EPS of $-0.04 when Smithfield Foods
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SFD |
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PowerRating) reports earnings Tuesday morning before the market opens.
Credit Suisse Group AG warned on Monday that American International Group
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AIG |
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PowerRating) was likely to report housing-bust related writedowns costing more than $2.4 billion.
Shares of LDK Solar Company
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LDK |
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PowerRating) were up more than 9% late in trading on Monday as the maker of solar wafers reported that its 2009 deliveries would likely be
double previous estimates.
Freddie Mac
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FRE |
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PowerRating) rallied on Monday after a successful weekly auction of more than $2 billion in short term notes. The stock was higher by more than 17%.
Big Lots
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BIG |
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PowerRating) reports earnings Tuesday morning before the market opens. Analysts are expecting EPS of $0.27
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