Earnings kick into high gear with several key names reporting Tuesday. International Trade, Red Book, and Import/Export Prices round out the crucial economic release news. Stocks reached into positive territory on the first trading session of the week. The bulls were driven by a relaxation in Greek economic tensions and several domestic takeover/merger plans. The EU approved a massive aid package to bail out the floundering Greek economy lifting the Euro as well as the U.S. stock market. News of Palm putting itself on the auction block and Cerberus Capital Management buying DynCorp International added to the bullish sentiment. The DJIA lifted by a big move in Caterpillar broke the psychologically important 11,000 barrier closing up 8.62, the tech heavy Nasdaq advanced 3.82, and the broad based S&P 500 climbed 2.11.
Here are 7 stocks you need to know for Tuesday.
Tech heavyweight, ^INTC^, reports after the close with a forecast EPS of 38 cents.
69 cents/share is the forecast figure for ^CSX^ once the market closes.
^LLTC^ is looking at 39 cents after the close.
Before the opening bell, ^FAST^, reports with a forecast EPS of 33 cents.
A 15 cent loss awaits investors in ^ASRV^ prior to the trading session.
Ladies clothier, ^TLB^, has analysts awaiting an EPS of 2 cents before the bell.
The Feds are figuring out the best way to remove themselves from their 80% ownership stake in ^AIG^.