TradingMarkets 7 Stocks You Need to Know for Tuesday: AXP, COF, FCX, DELL, C, HD, LOW
Overbought became even more overbought on the final trading day of the week, with financials continuing to attract a sizable number of buyers heading into the three-day weekend.
Among the better performers on Friday – in addition to bank stocks like ^BAC^ and Capital One Financial (more on Capital One below) – were energy shares. Up more than 3% was ^NOV^ while ^SLB^ added well over 2%.
Here are 7 Stocks You Need to Know for Tuesday.
Financials were among the stocks to help keep markets in the green ahead of the three-day weekend. Up more than 2% and 3% respectivelyon Friday were shares of credit services companies ^AXP^ and ^COF^.
Shares of ^FCX^ (below) pulled back by more than 3% intraday on Friday before rallying to close near break-even.
FCX has traded in oversold territory above the 200-day as recently as last week.
Despite widespread bullishness in technology stocks in general, shares of ^DELL^ (below) pulled back for a second straight session on Friday.
DELL moved back up above its 200-day moving average last week, after dropping beneath those levels in mid-November.
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Up more than 1% ahead of its scheduled quarterly earnings announcement on Tuesday were shares of ^C^ (below).
Shares of Citigroup have closed higher for three out of the past four trading days following a three-day pullback last week.
Climbing deeper into overbought territory above the 200-day moving average were home improvement retailers, ^HD^ and Lowe’s ^LOW^. Both stocks gained well over 1% on the day.
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David Penn is Editor in Chief of TradingMarkets.com