TradingMarkets 7 Stocks You Need to Know for Tuesday
Stocks rose on Monday, boosted by better than expected home sales data and JPMorgan Chase’s improved offer for Bear Stearns.
The Dow gained +187.32 , the Nasdaq Composite +68.64, and the S&P 500 +20.37.
Here are 7 stocks to watch…
JPMorgan Chase
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PowerRating) increased its offer for Bear Stearns
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PowerRating) to $10 a share, from $2 a share, and agreed to buy 39.5% of the company without a shareholder vote.
Sirius Satellite Radio
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PowerRating) won U.S. anti-trust approval from the the Justice Department to complete its acquisition of XM Satellite Radio
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PowerRating).
Sherwin-Williams
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PowerRating) lowered first quarter guidance to $0.56 to $0.61 per share, versus estimates of $0.77.
Shares of Tiffany & Co.
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PowerRating) jumped after the company reported earnings that beat estimates by $0.06.
Before the market open on Tuesday, Fortress Investment Group
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PowerRating) is scheduled to report earnings, with analysts looking for $0.18 per share.
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