Tuesday, December 29, 2009

7 Stocks you need to know for Tuesday

Even a thwarted weekend terrorist attack was not enough to stop the bulls from rampaging another day. Stocks

pushed higher on ultra positive retail news and word that the U.S. Treasury Department has lifted caps on mortgage aid for Fannie Mae/Freddie Mac. Stocks have now posted their sixth straight winning session. The DJIA climbed 26.98 to 10547.08, the Nasdaq added 5.39 to 2291.08 and the broad based S&P 500 moved higher by 1.30 to 1127.78.

Here are 7 stocks you need to know for Tuesday.

Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) soared higher on news that the Treasury will lift limits on financial aid

to the companies.

The weekend terror attempt helped lift OSI Systems (OSIS | Quote | Chart | News | PowerRating), a maker of airport scanning systems.

The rise in oil prices helped Exxon (XOM | Quote | Chart | News | PowerRating) to also advance.

Option action in MGM Mirage (MGM | Quote | Chart | News | PowerRating) is indicating that traders are expecting to see a double in price over the next year due to the launch of the City Center project.

Delta (DAL | Quote | Chart | News | PowerRating) and American Airlines (AMR | Quote | Chart | News | PowerRating) dropped on new terrorist fears after a Nigerian man brought explosives aboard an airliner.


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