TradingMarkets 7 Stocks You Need to Know for Tuesday (BAC, GS, GOOG, HOG, KO, JNJ, YHOO)
Quarterly earnings announcements from a wide variety of corporations likely will play a significant role in the sentiments among traders and investors in Tuesday’s trading. See our notes below to see which of these companies are among the 7 Stocks You Need to Know for Tuesday.
Reporting after the bell on Monday, ^AAPL^ were up more than 1%. Shares of ^C^ rallied more than 5% after a two-day pullback and a pre-open earnings announcement Monday morning that surprised to the upside. Down more than 4%, ^HAL^ saw strong profit-taking following its announcement of earnings outperformance.
Here are 7 Stocks You Need to Know for Tuesday.
Shares of ^BAC^ bounced by more than 3% on Monday after falling for three straight days below the 200-day moving average. The bank is scheduled to report quarterly earnings Tuesday morning before the market opens.
Up 2% after a three-day pullback were shares of ^GS^ (below) on Tuesday.
Reporting earnings on Tuesday, Goldman Sachs has remained relatively rangebound for more than a week.
Buyers remained on the offensive in the market for shares of ^GOOG^, which were up more than 2% in Tuesday’s session.
Trading in shares of ^HOG^ (below) remained relatively mild ahead of the company’s scheduled earnings announcement before the market opens on Tuesday.
HOG has not traded down for two consecutive days since a three-day pullback into oversold territory back in the second half of September.
Also seeing muted trading ahead of their Tuesday earnings announcement was ^KO^. The stock continues to trade near year-to-date highs.
Shares of ^JNJ^ have closed higher for three out of the past four trading days and are headed back toward overbought territory above the 200-day moving average. JNJ reports quarterly earnings before the bell Tuesday morning.
After four days of consecutively higher closes, ^YHOO^ pulled back by more than 2% in Tuesday’s trading.
The rally in Yahoo! put the stock above its 200-day moving average for the first time since mid-May. Yahoo! is scheduled to report quarterly earnings after the market closes on Tuesday.
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David Penn is Editor-in-Chief at TradingMarkets.com.