TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks managed to climb from their intraday lows on the first trading day of the week. Alcoa and Pier 1 Imports are among the companies reporting earnings on Tuesday.
The Dow lost 41.74. The Nasdaq Composite slid 15.16. And the S&P 500 ended the day down 7.02.
Here are 7 Stocks You Need to Know for Tuesday.
Takeover talks between IBM
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PowerRating) and Sun Microsystems
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PowerRating) have collapsed over pricing concerns and Sun Micro’s condition that IBM commit to the deal through anticipated anti-trust scrutiny.
The demise of an IBM-Sun Microsystems deal has raised speculation that Cisco Systems
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PowerRating) might step in as a potential acquirer of Sun Microsystems. A Goldman Sachs
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PowerRating) analyst downgraded shares of Cisco from “conviction buy” to neutral after the stock reached the analyst’s $18 price target.
Pier 1 Imports
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PowerRating) reports quarterly earnings Tuesday morning before the market opens. Analysts are expecting an earnings per share loss of 34 cents.
Continuing to soar and increasingly overbought below its 200-day moving average is Research in Motion
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PowerRating), which gained another 7% on Monday.
Announcing earnings after the market closes on Tuesday, Alcoa
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PowerRating) is expected to report an EPS loss of 51 cents.
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