7 Stocks you need to know for Tuesday

Reporting earnings Tuesday morning before the market opens, Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 1.11.

Waste Management Industries (WMI | Quote | Chart | News | PowerRating) will drop its bid for Republic Services (RSG | Quote | Chart | News | PowerRating) citing the current economic climate.

Intel (INTC | Quote | Chart | News | PowerRating) reports quarterly earnings Tuesday afternoon after the market closes. Analysts expect the company to report earnings per share of 0.34.

Abbott Laboratories (ABT | Quote | Chart | News | PowerRating) announced a $5.5 billion share buyback program on Monday.

Morgan Stanley (MS | Quote | Chart | News | PowerRating) reported that it had completed an agreement with Mitsubishi UFJ that will provide for a $9 billion stake in the Wall Street firm.

Genentech Inc. (DNA | Quote | Chart | News | PowerRating) reports earnings Tuesday after the close. Analysts are expecting EPS of 0.88.