7 Stocks you need to know for Tuesday
Among the few companies reporting earnings Tuesday morning before the bell is Best Buy (BBY | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 34 cents from the electronics retailer.
Adobe Systems (ADBE | Quote | Chart | News | PowerRating) is expected to report per share earnings of 28 cents when it announces quarterly earnings Tuesday after the bell.
Boeing (BA | Quote | Chart | News | PowerRating) tried to strike an upbeat note on Monday at the Paris Air Show despite not receiving a single order for a new jet on the first day of the event.
Legg Mason (LM | Quote | Chart | News | PowerRating) rallied to its highest levels on the year in Monday's trading, gaining more than 5% intraday before pulling back late in the day. Among Nasdaq stocks, Rambus (RMBS | Quote | Chart | News | PowerRating) continued its tear higher, closing up for the 9th consecutive trading day and adding more than 10% intraday.
Materials and energy stocks were among those most aggressively sold on Monday. Freeport McMoran Copper & Gold (FCX | Quote | Chart | News | PowerRating) lost more than 5% as it pulled back toward its 200-day moving average.
Closing for a seventh day in a row above the 200-day moving average were shares of Google (GOOG | Quote | Chart | News | PowerRating) which have been relentlessly sold since failing to take out the $450 level a little over a week ago.
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