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7 Stocks you need to know for Tuesday

14 July 2008, 2:48 pm
by
The Knight Trader

Washington Mutual (WM | Quote | Chart | News | PowerRating) suffered its steepest decline since going public on a report from Lehman Brothers that the bank could report losses of $26 billion in 2008. The stock plunged more than 34% on Monday.

In other merger - or would-be merger - news, Yahoo! (YHOO | Quote | Chart | News | PowerRating) today announced that it had rejected another offer from Microsoft (MSFT | Quote | Chart | News | PowerRating) that would have involved breaking up the company. Shares of Yahoo! were lower by more than 4%.

Waste Management (WMI | Quote | Chart | News | PowerRating) launched an unsolicited $6.2 billion bid for Republic Services (RSG | Quote | Chart | News | PowerRating), which is currently being pursued by Allied Waste Industries (AW | Quote | Chart | News | PowerRating). Waste Management was down more than 5% on the news.

Netflix (NFLX | Quote | Chart | News | PowerRating) is poised to announce plans to distribute films and movies over the Internet for subscribers who use Microsoft's XBox video console system. Netflix was higher by more than 2% on the day.


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Stocks Trading, Futures Trading and/or Forex trading involves substantial risk of loss and is not suitable for all investors.

Any style of trading in any market is extremely risky and can result in substantial financial losses in a very short period of time. There is considerable exposure to risk in any Stocks, Futures or Forex transaction including but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a trade.

Trading Stocks, Futures or Forex is a challenging and potentially profitable opportunity for educated and experienced investors. Before deciding to participate in the Stocks, Futures or Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Investment Objective, experience, risk of loss, leverage, creditworthiness, limited regulatory protection, market volatility that may substantially affect the price or liquidity of a Stocks, Futures or Forex trade, communication failure, etc. could put you at risk for the loss of some or all of your capital and/or assets. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position.

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