TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks roared higher for a second day in a row, forcing short sellers to continue covering their positions as the Dow rallied more than 500 points intraday.
The Dow ended the day up 396.97. The Nasdaq Composite closed higher by 87.67. And the S&P 500 added 51.78.
Here are 7 Stocks You Need to Know for Tuesday.
Citigroup
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C |
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PowerRating) reached an agreement with the Federal government that calls for loan guarantees up to $306 billion and $20 billion in new capital in exchange for $27 billion in preferred shares.
King Pharmaceuticals
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PowerRating) has agreed to acquit rival Alpharma for $1.6 billion.
Reporting earnings it pre-announced a week ago, Hewlett-Packard
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HPQ |
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PowerRating) reported EPS of 1.03 EPS, beating estimates for the fourth quarter as anticipated.
BlackRock, T. Rowe Price and George Soros are among the headline investors in the coal industry of late, with both Arch Coal
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PowerRating) and Peabody Energy
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PowerRating) among the more preferred stocks in the group. Coal energy demand is widely believed to be relatively recession-proof due to its critical role in providing electricity.
Shares of Apple
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PowerRating) were higher on Monday as JP Morgan
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PowerRating) raised its 2009 and 2010 profit estimates for the company.
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