TradingMarkets 7 Stocks You Need to Know for Tuesday
The major averages closed slightly lower on Monday, with financial stocks creating downward pressure after Wachovia reported an unexpected loss.
The Dow fell -23.36, the Nasdaq Composite -14.42 and the S&P 500 -4.51.
Here are 7 Stocks You Need to Know for Tuesday:
Wachovia
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PowerRating) reported an unexpected loss of -$0.14 per share, versus estimates of $0.40. The fourth-largest U.S. bank plans to raise capital via a $7 billion stock sale and is cutting its dividend.
Blockbuster
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PowerRating) made an unsolicited offer to buy Circuit City
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PowerRating) for more than $1 billion in cash.
The Wall Street Journal reported that Delta Air Lines
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PowerRating) and Northwest Airlines
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PowerRating) will announce a merger, possibly as early as tomorrow.
After the close, J.B. Hunt Transport Services
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PowerRating) reported earnings of $0.28 per share, missing estimates by $0.02.
Before the market open on Tuesday, Johnson & Johnson
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PowerRating) is scheduled to report earnings of $1.20 per share.
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