7 Stocks you need to know for Tuesday
Wachovia (WB | news | PowerRating | PR Charts ) 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 (BBI | news | PowerRating | PR Charts ) made an unsolicited offer to buy Circuit City (CC | news | PowerRating | PR Charts ) for more than $1 billion in cash.
The Wall Street Journal reported that Delta Air Lines (DAL | news | PowerRating | PR Charts ) and Northwest Airlines (NWA | news | PowerRating | PR Charts ) will announce a merger, possibly as early as tomorrow.
After the close, J.B. Hunt Transport Services (JBHT | news | PowerRating | PR Charts ) reported earnings of $0.28 per share, missing estimates by $0.02.
Before the market open on Tuesday, Johnson & Johnson (JNJ | news | PowerRating | PR Charts ) is scheduled to report earnings of $1.20 per share.
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