7 Stocks you need to know for Tuesday
In a surprise pre-announcement, Goldman Sachs (GS | Quote | Chart | News | PowerRating) reported quarterly earnings that were more than double analyst expectations. The company also announced that it wanted to "redeem" all capital borrowed under the TARP agreement and is planning a $5 billion common stock offering.
Scheduled to report earnings before the bell on Tuesday is Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating). Analysts are expecting per share earnings of 1.21 from JNJ.
Research in Motion (RIMM | Quote | Chart | News | PowerRating) is pressuring suppliers to lower prices as the economic slowdown dampens spending even on the company's popular Blackberry smartphone.
Forecasting lower profits, both Boeing (BA | Quote | Chart | News | PowerRating) and Chevron Corporation (CVX | Quote | Chart | News | PowerRating) helped cast a bearish mood of the markets early on Monday.
An appearance on the cover of Barron's helped encourage traders to bid shares of American Express (AXP | Quote | Chart | News | PowerRating) on Monday. The stock is increasingly overbought below the 200-day moving average.
Earnings per share of three cents is what analysts are expecting to hear from Intel Corporation (INTC | Quote | Chart | News | PowerRating) when it reports earnings Tuesday after the market closes.
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