TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks fell on Monday after failing to maintain their intraday highs. Continued concerns over financial stocks weighed heavily on the markets.
The Dow lost 45.35. The Nasdaq closed lower by 26.21. And the S&P 500 ended the day down 11.19.
Here are 7 Stocks You Need to Know for Tuesday
Washington Mutual
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PowerRating) suffered its steepest decline since going public on a report from Lehman Brothers that the bank could report losses of $26 billion in 2008. The stock plunged more than 34% on Monday.
In other merger – or would-be merger – news, Yahoo!
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PowerRating) today announced that it had rejected another offer from Microsoft
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PowerRating) that would have involved breaking up the company. Shares of Yahoo! were lower by more than 4%.
Waste Management
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PowerRating) launched an unsolicited $6.2 billion bid for Republic Services
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PowerRating), which is currently being pursued by Allied Waste Industries
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PowerRating). Waste Management was down more than 5% on the news.
Netflix
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PowerRating) is poised to announce plans to distribute films and movies over the Internet for subscribers who use Microsoft’s XBox video console system. Netflix was higher by more than 2% on the day.
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