The interrelationship between the Chinese and American markets was made self evident today as U.S. stocks followed the steep sell off in the Shanghai Index. Investors worried about the stability of the economic recovery dumped their riskier assets with energy and financials leading the decline. A bargain hunting late session buying frenzy led the major indexes to retrace some of their losses, however failing to push into positive territory on the close. The DJIA closed down 47.92, the Nasdaq gave back 19.71, and the S&P 500 dropped 8.31.
Here are 7 stocks you need to know about for Tuesday.
Auto retail giant, America's Car-Mart ( CRMT | Quote | Chart | News | PowerRating), is steering for fiscal first quarter 2010 EPS of 41 cents/share before trading starts on Tuesday morning.
Sporting goods retailer, Gander Mountain ( GMTN | Quote | Chart | News | PowerRating), has its eyes on loss of 4 cents for the fiscal second quarter 2010, to be announce before the bell on Tuesday.
50 cents/share is the forecast fiscal first quarter earnings for China Medical ( CMED | Quote | Chart | News | PowerRating) on Tuesday prior to the trading day.
Credit card processor, VeriFone ( PAY | Quote | Chart | News | PowerRating), announces its fiscal third quarter 2009 earnings before the bell with an expected 13 cents/share.
The Walt Disney Company ( DIS | Quote | Chart | News | PowerRating) is buying comic book, movie and video game giant, Marvel Entertainment ( MVL | Quote | Chart | News | PowerRating) for a cool $4 billion dollars.
Tiffany & Company ( TIF | Quote | Chart | News | PowerRating) has launched a smaller store expansion mandate to gain market share during the recession that has damaged many of its jeweler competitors.
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