TradingMarkets' 7 Stocks You Need To Know About For Tuesday

Stocks ended slightly higher after an early Rita relief rally fizzled. After opening higher in the morning, stocks gave back gains as crude prices rose later in the session after reports that damaged refineries may be shut longer than expected. Valero said its Port Arthur refinery may be shut two to four weeks. Also pressuring stocks were interest rates, as the ten year yield moved up to a near 6-week high.

Existing home sales in August unexpectedly rose 2%, the second highest rate on record.

Greenspan warned that speculative home buying may be driving prices higher and presents a risk for homeowners with interest only mortgages.

After the close, Jabil Circuit (JBL | Quote | Chart | News | PowerRating) beat by a penny and issued in-line guidance.

Now, here are a few stocks to watch on Tuesday:

Atwood Oceanics (ATW | Quote | Chart | News | PowerRating) may challenge its recent highs.

The Oil Service HOLDRs (OIH | Quote | Chart | News | PowerRating) may rally further from this pullback.

Kerr McGee (KMG | Quote | Chart | News | PowerRating) is in a strong uptrend and rallied on MOnday.

Halliburton (HAL | Quote | Chart | News | PowerRating) has the potential to break out.

Amgen (AMGN | Quote | Chart | News | PowerRating) bounced off its 50-day moving average.

Chiquita Brands (CQB | Quote | Chart | News | PowerRating) closed near its 200-day moving average after a pullback.

Peabody Energy (BTU | Quote | Chart | News | PowerRating) could rally further on Tuesday.

Brice Wightman