TradingMarkets 7 Stocks You Need to Know for Tuesday
Positive news on the housing front and the announcement of mass layoffs from blue chip companies like Caterpillar put traders and investors in a buying mood on Monday. Earnings will remain front and center on Tuesday with announcements from Yahoo!, Bristol-Myers Squibb and U.S. Steel.
The Dow gained 38.47. The Nasdaq Composite ended the day up 12.17. And the S&P 500 closed ahead by 4.62.
Here are 7 Stocks You Need to Know for Tuesday.
Caterpillar
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PowerRating) reported quarterly earnings Monday morning before the bell, missing estimates and announcing that it would eliminate 20,000 jobs in light of a pessimistic forecast for the year.
Also announcing significant job cuts on Monday was Sprint, which reported plans to reduce its workforce by 8,000 jobs. Rival Verizon Communications
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PowerRating) reports quarterly earnings on Tuesday, with analysts expecting EPS of 61 cents.
Reporting quarterly earnings after the market closed on Monday was American Express
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PowerRating) which announced profits that were roughly in line with estimates.
Also reporting after the close was biotechnology giant, Amgen
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PowerRating). Amgen reported fourth quarter profits that were up 15% and in-line with expectations.
EPS of 75 cents is what analysts are expecting from U.S. Steel
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PowerRating), when it announces quarterly earnings on Tuesday.
Reporting earnings after the close on Tuesday, E*Trade Financial
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PowerRating) is expected to announce a loss of 23 cents per share. Also reporting earnings after the market closes on Tuesday is Yahoo!
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PowerRating). Yahoo! is expected to announce per share earnings of 0.13.
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