TradingMarkets 7 Stocks You Need To Know For Tuesday
Stocks gained ground Monday after crude
under $59 sparked an afternoon rally. Crude fell to a
three-month low as higher-than-normal temperatures in the Northeast reduced
demand. Gas prices are back to pre-Katrina levels.
Buybacks have been on the rise. TXU Corp.
(
TXU |
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PowerRating)
announced a buyback and said it is splitting 2:1. Northrup Grumman
(
NOC |
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PowerRating)
and Qualcomm
(
QCOM |
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PowerRating) also announced buybacks. According to
TrimTabs, stock buybacks are shrinking the float by about 4% per year.
Dividends, buybacks and cash for mergers is up 49% this year.
Guidant
(
GDT |
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PowerRating) is suing Johnson & Johnson
(
JNJ |
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PowerRating)
to complete its proposed acquisition. GST is the subject of an SEC
investigation.
A report in today’s Wall Street Journal
says Google
(
GOOG |
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PowerRating) is close to a roll out of new wireless services (more).
Apple Computer
(
AAPL |
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PowerRating) was downgraded from a “Buy” to a
“Hold” by Needham & Co. (more).
Genzyme
(
GENZ |
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PowerRating) was downgraded by Bear
Stearns (more).
Now, here are a few stocks to watch for Tuesday:
Alopharma
(
ALO |
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PowerRating) beat by 0.17.
Netease
(
NTES |
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PowerRating) missed by 0.02 and was
light on revenues. The stock traded lower after the close Monday.
Alcan
(
AL |
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PowerRating) reports before the bell
Tuesday; look for 0.49.
Blockbuster
(
BBI |
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PowerRating) also reports before
the open; look for (0.15).
Dynamic Materials
(
BOOM |
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PowerRating) reports
before the open; look for 0.20.
Echostar
(
DISH |
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PowerRating) is expected to report
before the bell on Tuesday; the estimate is 0.47.
Teva
(
TEVA |
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PowerRating) reports before the bell;
look for 0.38.
Brice Wightman