TradingMarkets 7 Stocks You Need to Know for Tuesday: FDX, UPS, MA, DFS, MAR, HOT, EBAY
The U.S. stock market is set to open in neutral to overbought territory on Tuesday, with the Nasdaq 100 lagging the S&P 500 and the ^QQQ^ pulling back into neutral territory on Monday.
Two of the biggest gainers in the S&P 500 Index were oil stocks: ^SLB^ and ^HAL^, both of which closed higher by more than 4% ahead of trading on Tuesday.
Here are 7 Stocks You Need to Know for Tuesday
In addition to the strong performances by oil stocks noted above, both ^FDX^ and ^UPS^ closed higher on the first trading day of the week. Shares of Fedex gained more than 3%, breaking out to its highest closing level since mid-February. UPS rallied by more than 2% after closing lower for three out of the past four sessions.
Retracing all of Friday’s losses to close at a new short term high on Monday were shares of ^MA^ (below).
Shares of Mastercard have gained more than 4% since their last close in oversold territory six days ago.
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Increasingly overbought above the 200-day moving average heading into trading on Tuesday are shares of ^DFS^. DFS has closed higher for seven out of the past eight tarading sessions and is increasingly due for pullback.
Sellers were out in force in the market for shares of resorts like ^MAR^ and ^HOT (below). Both stocks were down more than 6% intraday.
The sell-off in HOT comes just after a three-day rally that took the stock to new short term highs just shy of overbought territory.
Pulling back for a second day in a row above the 200-day ahead of Tuesday’s open are shares of ^EBAY^ (below).
EBAY had been trading in overbought territory as recently as last Thursday at the end of a two-day bounce to new short term highs.
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David Penn is Editor in Chief of TradingMarkets.com