TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks finished slightly lower on Monday, following a string of consecutive higher highs over the past few sessions.
The Dow ended the day down 29.23. The Nasdaq closed lower by 3.25. And the S&P 500 finished down 0.68.
Here are 7 Stocks You Need to Know for Tuesday.
Swiss pharmaceutical giant Roche announced a $43.7 billion bid for the 44% of Genentech
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PowerRating) it does not already own. Shares of Genentech closed up more than 14%.
Wachovia
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PowerRating) reports earnings tomorrow morning before the opening bell. Analysts are expecting a loss of $0.78 per share. Wachovia ended the day up a little more than 1%.
Disappointing results over the drug, Vytorin, that it is co-marketing with Merck, led to losses for Schering-Plough
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Bank of America
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PowerRating) reported earnings on Monday that were lower, but not as bad as feared by analysts. Bank of America shares ended the day up more than 3%.
In the latest move of the Great Yang/Icahn Showdown, the activist investor has agreed to accept three seats on the Yahoo!
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PowerRating) board of directors rather than follow-through on a proxy fight. The stock closed lower by more than 3%.
Reporting earnings before the market opens on Tuesday, Caterpillar
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PowerRating) is expected to announce EPS of $1.54. Traders bid shares of CAT higher by more than 3%.
Analysts are expecting earnings per share of $3.86 when the CME Group Inc.
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PowerRating) reports earnings tomorrow before the bell. CME was off slightly at a little more than 2% on Monday.
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