Monday, September 29, 2008

7 Stocks you need to know for Tuesday

Citigroup (C | Quote | Chart | News | PowerRating) announced that it was taking over the banking business of Wachovia (WB | Quote | Chart | News | PowerRating) for $2 billion in stock.

Reporting earnings Tuesday morning before the market opens, Pepsi Bottling Group (PBG | Quote | Chart | News | PowerRating) is expected to announce EPS of 1.04.

One of the very few stocks in the S&P 500 to move higher on Monday was Campbell Soup (CPB | Quote | Chart | News | PowerRating), which still gained less than half of one percent.

Among the biggest decliners in the Dow industrials, American Express (AXP | Quote | Chart | News | PowerRating) slid by more than 12%.

Apple (AAPL | Quote | Chart | News | PowerRating) was down by more than 13% less than an hour into trading on Monday after a Morgan Stanley (MS | Quote | Chart | News | PowerRating) analyst suggested slower sales going forward. The stock finished down more than 17%.

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