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Tuesday's Winners & Losers: Garmin

Stock quotes in this article: CCRT , HIRE , GRMN , TXN , WM , LEH  

Washington Mutual(WM Quote) took a 17% beat down on Monday, but ticked up 6.9% to $6.68.

GPS-based navigation devices maker Garmin(GRMN Quote) fell $2.85, or 5.8%, to $46.74 after Apple showed off location-based services including navigation on the iPhone. Apple's move could hurt demand for Garmin's devices, believe some analysts. Meanwhile, Garmin rival TomTom already has a version of its navigation software running on the iPhone, according to a report by Reuters.

Lehman Brothers(LEH Quote) continued its slide, as analysts digested the recent loss announcements, crunched their models and downgraded the investment bank. The analysts said they expect the company to lose money in 2008 after forecasting its first-ever quarterly loss and slashed estimates accordingly. The stock fell another 6.7% to $27.50. ...

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