TradingMarkets 7 Stocks You Need to Know for Tuesday
The more overbought stocks become in the short term, the harder they correct when profit-taking arrives – at least that was the tale of the tape on Monday as overbought conditions helped bring about a 4% drop in the S&P 500.
The Dow lost 289.60. The Nasdaq Composite fell 64.86. And the S&P 500 ended the day down 37.21.
Here are 7 Stocks You Need to Know for Tuesday.
Oracle
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PowerRating) has agreed to buy Sun Microsystems
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PowerRating) for $7.4 billion, the company announced Monday morning.
A number of companies are reporting quarterly earnings Tuesday morning before the market opens. Coca Cola
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PowerRating) is expected to announce EPS of 65 cents. Caterpillar
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PowerRating), also reporting Tuesday before the bell, is expected to announce per share earnings of four cents.
IBM
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PowerRating) beat analyst estimates in its quarterly earnings report on Monday.
23 cents is what analysts are expecting to hear from TD Ameritrade Holding Corporation
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PowerRating), when it reports quarterly earnings Tuesday morning.
Among those companies reporting quarterly earnings after the market closes on Tuesday is Yahoo!
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PowerRating). Analysts are expecting to hear earnings per share of 8 cents from the internet company.
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