7 Stocks you need to know for Tuesday

The Dow lost 155.88. The Nasdaq Composite ended the day down 7.76. And the S&P 500 closed lower by 19.99.

Here are 7 Stocks You Need to Know for Tuesday.

Microsoft (MSFT | Quote | Chart | News | PowerRating) announced that it would issue debt for the first time in its history. The software giant plans to offer five-, 10- and 30-year notes by the end of May. Microsoft had closed lower for five consecutive trading days below its 200-day moving average before rallying on Monday.

Among the companies reporting earnings Tuesday morning before the market opens is The Great Atlantic & Pacific Tea Company, also known as The Gap (GAP | Quote | Chart | News | PowerRating). The Gap is expected to announce an earnings per share loss of 22 cents. The stock has traded in a range between $6.50 and $7.50 for most of the past 30 days.

Bankruptcy increasingly looks like the most likely option for General Motors (GM | Quote | Chart | News | PowerRating) as CEO Fritz Henderson suggested on Monday that the changes necessary are too great to be made by a looming June 1 deadline. The stock is increasingly oversold below the 200-day moving average.

The recent selling in technology stocks has led to a number of stocks rallying from oversold lows above their 200-day moving averages in the Nasdaq 100. These stocks include Amazon.com (AMZN | Quote | Chart | News | PowerRating), which had closed lower for three consecutive days above its 200-day moving average before advancing on Monday, and Oracle Corporation (ORCL | Quote | Chart | News | PowerRating). ORCL gained more than 2% intraday after closing lower for five consecutive trading days above its 200-day moving average.

Reporting quarterly earnings after the bell on Tuesday is Applied Materials (AMAT | Quote | Chart | News | PowerRating). Analysts are expecting per share earnings of -0.11. After rallying above its 200-day moving average a week ago for the first time since August 2008, the stock has since closed below that level for the past three consecutive trading days.

Also reporting after the close on Tuesday is Jack-in-the-Box (JACK | Quote | Chart | News | PowerRating). The fast food chain is expected to announce EPS of 44 cents. JACK had pulled back for three consecutive trading days above its 200-day moving average before bouncing by more than 2% intraday on Monday.