TradingMarkets 7 Stocks You Need to Know for Tuesday
The most exciting action in stocks today happened in the final half hour as a late rally brought the markets up from the lows to close almost at breakeven levels on Monday.
The Dow ended the day up 1.36. The Nasdaq Composite lost 7.02. And the S&P 500 slipped lower by 0.95.
Here are 7 Stocks You Need to Know for Tuesday.
Shares of Apple
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PowerRating) continued to sell-off as the Apple Developer’s Conference got underway on Monday and a new, faster iPhone was introduced. Down more than 3% intraday, Apple was part of the late rally that saw many stocks on Monday close near their highest levels of the day.
So far, so good, as the latest iPhone-killer – a smartphone by Palm
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PowerRating) called Pre – made its debut over the weekend. Sales estimates of the smartphone over the weekend ran from 50 to 100 thousand units, according to the Wall Street Journal.
Upscale woman’s retailer Talbot’s
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PowerRating) reports quarterly earnings Tuesday morning before the market opens. Analysts are expecting a per share loss of 49 cents.
At the other end of the retail spectrum, 99 Cent Stores
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PowerRating) is expected to announce quarterly earnings of four cents a share when it reports Tuesday after the bell.
General Mills
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PowerRating) announced on Monday that full-year earnings would be better than previously forecast. The stock was up by more than 4% intraday and entered overbought territory below the 200-day moving average.
Qwest
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PowerRating) has apparently been unable to find a buyer for its long distance network – at least not at the posted price of $2-3 billion. The Wall Street Journal reported that the highest bids topped out near $1 billion. Shares of Qwest moved lower for a fourth consecutive trading day and trade above their 200-day moving average.
Among the few Dow Industrials stocks still relatively oversold above their 200-day moving averages is McDonald’s
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PowerRating), which gapped down at the open on Monday only to rally somewhat over the course of the trading day.
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