TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks finished off their highs on the first trading day of the week, with traders recoiling from the possibility of the Fed raising rates to control inflation.
The Dow finished up by 70.51. The Nasdaq Composite ended lower by 15.10. And the S&P 500 closed marginally higher by 1.08.
Here are 7 Stocks You Need to Know for Tuesday
UBS is estimating that Washington Mutual
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PowerRating) will lose nearly $22 billion between now and 2011 due to losses related to mortgage lending. This number is significantly higher than Washington Mutual’s own estimates.
Krispy Kreme
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PowerRating) provided investors with its first profitable quarter in more than three years due to lower expenses and the sale of two franchises.
Investors in Altria Group
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PowerRating) were heartened by news that the U.S. Supreme Court would revisit a lower court ruling that called for the company to pay $79.5 million in damages to an Oregon plaintiff.
A precautionary salmonella warning forced McDonalds
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PowerRating) to stop putting raw tomatoes on its sandwiches in the U.S. But news of higher May store sales kept the stock price moving higher on Monday.
With its weekend box office hit, “Kung Fu Panda”, DreamWorks Animation
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PowerRating) was higher by more than 5% on the first trading day of the week.
Apple
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PowerRating) has unveiled a new iPhone geared toward attracting business customers with its faster, “third generation” access to the Internet. AT&T
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PowerRating) will be the only other U.S. provider.
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