TradingMarkets 7 Stocks You Need to Know for Tuesday
Rising oil and gold prices amid rising Middle East tensions kept stock prices under pressure on Monday, leaving energy stocks among the few equities moving higher on the day.
The Dow fell 31.62. The Nasdaq closed lower by 19.92. And the S&P 500 lost 3.38.
Here are 7 Stocks You Need to Know for Tuesday.
Weyerhaeuser
(
WY |
Quote |
Chart |
News |
PowerRating) warned of a soft fourth quarter, encouraging traders and investors to continue selling shares of the timber industry giant.
The planned acquisition of Rohm & Haas
(
ROH |
Quote |
Chart |
News |
PowerRating) by Dow Chemical
(
DOW |
Quote |
Chart |
News |
PowerRating) was threatened by news that Kuwait was withdrawing $9 billion in anticipated funding for the deal.
Chemical company DuPont
(
DD |
Quote |
Chart |
News |
PowerRating) was also lower on Monday, as the troubled Dow/Rohm & Haas deal weighed heavily on materials stocks.
Although rising crude oil prices made headlines on Monday, the continued rally in gold helped boost shares of gold mining stocks like Newmont Gold
(
NEM |
Quote |
Chart |
News |
PowerRating) and Barrick Gold Corporation
(
ABX |
Quote |
Chart |
News |
PowerRating).
Occidental Petroleum Corporation‘s
(
OXY |
Quote |
Chart |
News |
PowerRating) gain of nearly 4% on Monday was typical of the buying in the oil/energy sector on the first trading day of the week.
Do you think that Rohm & Haas will be Up or Down on Wednesday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 each month by correctly guessing the direction of a stock!