7 Stocks you need to know for Tuesday

Bear Stearns (BSC | news | PowerRating | PR Charts ) agreed to be sold to JPMorgan Chase for $2 per share, or $236 million. BSC shares closed at $30 on Friday, valuing the 85-year old investment bank at $3.5 billion.

Many analysts felt the price JPMorgan Chase (JPM | news | PowerRating | PR Charts ) is paying significantly undervalues Bear Stearns, even allowing for litigation, de-leveraging and integration costs. Especially since the Fed is providing up to $30 billion in financing for BSC's illiquid assets. The decision means the Fed, not JPMorgan Chase, is carrying substantial risk.

MF Global (MF | news | PowerRating | PR Charts ) shares fell as much as 80%, despite reassurances from the company that it was not experiencing liquidity problems.

Shares of Lehman Brothers (LEH | news | PowerRating | PR Charts ) plunged more than 20%, also on liquidity concerns. LEH is due to report earnings of $0.72 before the market open on Tuesday.

Also before the market open, Goldman Sachs (GS | news | PowerRating | PR Charts ) is expected to report earnings of $2.58.

In deal news, CME Group (CME | news | PowerRating | PR Charts ) agreed to acquire Nymex Holdings (NMX | news | PowerRating | PR Charts ) for $9.3 billion.

And, International Paper (IP | news | PowerRating | PR Charts ) agreed to acquire the packaging and recycling businesses of Weyerhaeuser (WY | news | PowerRating | PR Charts ) for $6 billion.