7 Stocks you need to know for Tuesday
The World Bank knocked stocks lower today with a pessimistic forecast of a 2.9% contraction in economic growth. U.S. stocks closed on the low of the day with volatility spiking over 11%. The DJIA gave back 200.72, the Nasdaq plummeted 61.28 and the broad based S&P 500 fell 28.19.
Here are 7 stocks you need to know about for Tuesday.
The grocery chain Kroger (KR | Quote | Chart | News | PowerRating) announces fiscal first quarter 2010 earnings. Analysts are expecting 0.62 cents per share.
America's CarMart (CRMT | Quote | Chart | News | PowerRating), the buy here/pay here auto dealer operator, reveals its fiscal 4th quarter 2009 earnings. The estimate is 0.038 cents per share.
Medarex (MEDX | Quote | Chart | News | PowerRating) - Their prostrate cancer drug cured 2 patients in Mayo Clinic tests.
Dropping oil prices triggered a pullback in shares of Suncor Energy (SU | Quote | Chart | News | PowerRating).
NII Holdings (NIHD | Quote | Chart | News | PowerRating) - Latin America's wireless phone service provider's rating was reduced to neutral by Goldman Sachs.
The commodity sector dropped due to slowing economic growth with AK Steel Holding Corp (AKS | Quote | Chart | News | PowerRating) and Walter Energy (WLT | Quote | Chart | News | PowerRating) falling.
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