TradingMarkets’ 7 Stocks You Need To Know About For Tuesday

September 19, 2005
TradingMarkets Editors

Stocks fell Monday ahead of
tomorrow’s Fed meeting, and oil rose to over $67 as Hurricane Rita heads toward
the Gulf. Natural gas surged to record
highs.

Traders are waiting to see what the Fed will do on Tuesday. Futures are pricing
in a 90% chance of a quarter point increase–the 11th in the cycle. Many expect
a change in the policy statement, emphasizing a murkier outlook for the economy.

OPEC is expected to announce a 2 million
bpd output increase tomorrow.

Now, here are a few stocks to watch on Tuesday:

Goldman Sachs
(
GS |
Quote |
Chart |
News |
PowerRating) reports before the
open; look for $2.31.

Circuit City
(
CC |
Quote |
Chart |
News |
PowerRating) also reports before
the open on Tuesday. Look for (-0.03).

Tempur-Pedic
(
TPX |
Quote |
Chart |
News |
PowerRating) lowered guidance
below consensus.

This stock, Hoku Scientific
(
HOKU |
Quote |
Chart |
News |
PowerRating),
is pretty overbought. It’s parabolic, really. If you are long from Friday, I’d
take some off the table here…maybe get out altogether.