TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks ended the day on a relatively breakeven note on the first day of trading for the week. Overbought conditions continue to characterize most sectors and stock markets worldwide.
The Dow lost 25.57. The Nasdaq Composite edged higher by 0.77. And the S&P 500 ended the day up 2.17.
Here are 7 Stocks You Need to Know for Tuesday.
In a surprise pre-announcement, Goldman Sachs
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PowerRating) reported quarterly earnings that were more than double analyst expectations. The company also announced that it wanted to “redeem” all capital borrowed under the TARP agreement and is planning a $5 billion common stock offering.
Scheduled to report earnings before the bell on Tuesday is Johnson & Johnson
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PowerRating). Analysts are expecting per share earnings of 1.21 from JNJ.
Research in Motion
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PowerRating) is pressuring suppliers to lower prices as the economic slowdown dampens spending even on the company’s popular Blackberry smartphone.
Forecasting lower profits, both Boeing
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PowerRating) and Chevron Corporation
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PowerRating) helped cast a bearish mood of the markets early on Monday.
An appearance on the cover of Barron’s helped encourage traders to bid shares of American Express
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PowerRating) on Monday. The stock is increasingly overbought below the 200-day moving average.
Earnings per share of three cents is what analysts are expecting to hear from Intel Corporation
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PowerRating) when it reports earnings Tuesday after the market closes.
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