TradingMarkets 7 Stocks You Need to Know for Tuesday
With the Federal Reserve Board making its rate announcement tomorrow at 2:15 p.m. Eastern and Quadruple Witching on Friday, stocks trended lower on light volume to start the week.
The Dow slid 65.15. The Nasdaq Composite closed down 32.38. And the S&P 500 ended the day off 11.16.
Here are 7 Stocks You Need to Know for Tuesday.
Goldman Sachs
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PowerRating) lowered Apple
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PowerRating) to neutral on Monday, pointing to concerns over softer consumer spending. Goldman Sachs reports quarterly earnings Tuesday morning before the market opens.
The White House has pledged to consider specific financial assistance to General Motors
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PowerRating) and Chrysler in the wake of the automaker loan package dying in the Senate last week.
Coca Cola
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PowerRating) has plans to switch to a new, natural, calorie-free sweetener based on the herb Stevia for its soft drinks and Odwalla juice line. Coca Cola’s new sweetener has yet to be approved by the FDA.
Reporting quarterly earnings Tuesday morning before the market opens, Best Buy
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PowerRating) is expected to announced EPS of 25 cents.
With Goldman Sachs and Morgan Stanley both reporting earnings this week, traders also may want to pay attention to JP Morgan Chase
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PowerRating), which was off significantly on Monday but will not report earnings until January.
Adobe Systems
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PowerRating) is expected to announce earnings per share of 58 cents when it reports Tuesday after the market closes.
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