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Stocks ended mixed on the first day of the week, with the Dow closing lower and both the Nasdaq and the S&P 500 finishing higher.
The Dow ended the day off by 38.27. The Nasdaq Composite closed up by 20.28. And the S&P 500 finished virtually unchanged with a 0.11 gain.
Here are 7 Stocks You Need to Know for Tuesday
As expected, Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) reported a loss of $2.8 billion for the quarter. Shares of Lehman were up more than 5%, their third consecutive day of gains.
Adobe Systems (ADBE | Quote | Chart | News | PowerRating) reported quarterly EPS of 0.50 after the bell on Tuesday, beating analysts estimates.
Would-be acquirer InBev has warned Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) not to solicit alternative bids or risk InBev withdrawing its own $46.3 billion dollar bid for the American brewer.
Best Buy (BBY | Quote | Chart | News | PowerRating) is scheduled to report earnings Tuesday morning before the market opens, Analysts are expecting EPS of 0.37.
Announcing earnings before the bell on Tuesday, Goldman Sachs (GS | Quote | Chart | News | PowerRating) is expected to report earnings per share of $3.42.
A ruling by the FCC on Monday clears the way for Sirius Satellite Radio (SIRI | Quote | Chart | News | PowerRating) to follow through with its planned takeover of rival XM Satellite Radio (XMSR | Quote | Chart | News | PowerRating)
Do you think XM Satellite will be up or down on Wednesday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!
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