TradingMarkets 7 Stocks You Need to Know for Tuesday
Days of historically low volatility led to the big move on Monday that readers of Larry Connors Daily Trading Lesson had been waiting for. Selling was both aggressive and widespread across sectors.
The Dow slid 187.13. The Nasdaq Composite closed down 42.42. And the S&P 500 ended the day off 22.49.
Here are 7 Stocks You Need to Know for Tuesday.
Among the few companies reporting earnings Tuesday morning before the bell is Best Buy
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PowerRating). Analysts are expecting EPS of 34 cents from the electronics retailer.
Adobe Systems
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PowerRating) is expected to report per share earnings of 28 cents when it announces quarterly earnings Tuesday after the bell.
Boeing
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PowerRating) tried to strike an upbeat note on Monday at the Paris Air Show despite not receiving a single order for a new jet on the first day of the event.
Legg Mason
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PowerRating) rallied to its highest levels on the year in Monday’s trading, gaining more than 5% intraday before pulling back late in the day. Among Nasdaq stocks, Rambus
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PowerRating) continued its tear higher, closing up for the 9th consecutive trading day and adding more than 10% intraday.
Materials and energy stocks were among those most aggressively sold on Monday. Freeport McMoran Copper & Gold
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PowerRating) lost more than 5% as it pulled back toward its 200-day moving average.
Closing for a seventh day in a row above the 200-day moving average were shares of Google
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PowerRating) which have been relentlessly sold since failing to take out the $450 level a little over a week ago.
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