TradingMarkets 7 Stocks You Need to Know for Tuesday
The “Race to the 200-Day” saw stocks rallying strongly again on Monday with the S&P 500 gaining more than 7% on the day.
The Dow rallied 497.48. The Nasdaq Composite ended the day up 98.50. And the S&P 500 closed higher by 54.38.
Here are 7 Stocks You Need to Know for Tuesday.
Carnival
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PowerRating) reports quarterly earnings Tuesday morning before the market opens. Analysts are expecting EPS of 18 cents.
Treasury secretary Tim Geithner’s strategy for dealing with “toxic assets” was met with aggressive buying in a number of financial stocks. Leading on the day were shares of Bank of America
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PowerRating) up more than 19% and Wells Fargo
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PowerRating), which gained more than 15% intraday on Monday.
Brokerages were also booming on Monday. E*Trade Financial
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PowerRating) was up more than 9% and Charles Schwab
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PowerRating) gained more than 5%.
Also reporting quarterly earnings before the bell Tuesday morning is Talbots
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PowerRating), which is expected to announce an earnings per share loss of 61 cents.
The Wall Street Journal reported that Goldman Sachs
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PowerRating) is considering selling part of its near 5% stake in the Industrial & Commercial Bank of China. The sale could raise as much as $1 billion. Proceeds would contribute toward repaying $10 billion in public assistance received in 2008, according to Journal sources.
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