TradingMarkets 7 Stocks You Need to Know for Tuesday

Stocks responded to increasingly overbought conditions with a sell-off to start the trading week. The Dow industrials were the percentage leader to the downside.

The Dow lost 180.51. The Nasdaq Composite closed lower by 35.54. And the S&P 500 ended the day down 19.60.

Here are 7 Stocks You Need to Know for Tuesday

Rising prices and an analyst downgrade encouraged traders to sell shares of The Hershey Company (HSY | Quote | Chart | News | PowerRating), which were down by more than 9% on Monday.

Analysts are expecting earnings per share of $0.76 when Target (TGT | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the open.

Electronic Arts (ERTS | Quote | Chart | News | PowerRating) announced that it was withdrawing its $2 billion bid for Take-Two Interactive Software (TTWO | Quote | Chart | News | PowerRating) - though the two software gaming companies remain in negotiations.

Fears that the U.S. government will be forced to bailout both Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating), led to aggressive selling in shares of both companies on Monday.

Home Depot (HD | Quote | Chart | News | PowerRating) reports quarterly earnings Tuesday before the bell. Analysts are expecting EPS of $0.61.

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