TradingMarkets 7 Stocks You Need to Know for Tuesday: GYMB, INTC, WYNN, NEM, MSFT, SHW, WFC
Stocks remained little changed on the first day of the trading week. Among the session’s top gainers were ^SLE^ and ^TGT^.
Sellers continue to drive shares of stocks like ^CTXS^ lower. CTXS pulled back by more than 6% in trading on Monday.
Here are 7 Stocks You Need to Know for Tuesday.
^GYMB^ is being taken private by PE firm Bain Capital for $1.8 billion according to a report in the Wall Street Journal. 7 Stocks You Need to Know noted the aggressive buying and interest in the retail sector last week.
^INTC^ gained more than 1% intraday in trading on Monday before sellers were attracted to the stock late in the session. INTC has closed higher for five consecutive trading days after closing lower for three out of four.
The stock is scheduled to report quarterly earnings after the closing bell on Tuesday.
^WYNN^ continued to advance on Monday, closing higher by well over 8%. WYNN was among the stocks noted last week in 7 Stocks You Need to Know as a two-day pull back took the stock toward historically oversold levels.
Pulling back by more than 1% intraday before rallying late and closing lower for a third consecutive trading day were shares of ^NEM^.
NEM has been largely rangebound for the past several days. Monday’s close marks the stock’s most oversold close since late September.
Microsoft ^MSFT^ announced plans for its Windows 7-based handsets on Monday. The stock, which trades below its 200-day moving average, has closed higher for five consecutive trading days.
Shares of ^SHW^ closed lower for a fourth straight session on Monday.
Off nearly 2% on the day, the stock is among the more oversold in the S&P 500 going into trading on Tuesday.
Overbought conditions below the 200-day moving average continue to provide opportunities for traders in ^WFC^. The stock closed down for a third day after closing in overbought territory late last week.
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David Penn is Editor-in-Chief at TradingMarkets.com.