Tuesday, June 30, 2009

7 Stocks you need to know for Tuesday

Super swindler, Bernard Madoff, had the book thrown at him today by Judge Chin receiving the maximum possible prison sentence of 150 years. Stocks reacted in jubilation soaring higher across the board. The DJIA advanced 90.99 to 8529.38, the tech heavy Nasdaq climbed 5.84 to 1844.06, and the broad based S&P 500 added 8.33 to 927.23.

Visionary Apple (AAPL | Quote | Chart | News | PowerRating) CEO Steve Job's returned to work part time after receiving a liver transplant.

For profit college operator, Apollo Group (APOL | Quote | Chart | News | PowerRating), reported fiscal third quarter earnings of $1.26/share up from 85 cents/share from a year earlier and beating estimates of $1.13/share.

Benihana Inc (BNHN | Quote | Chart | News | PowerRating), the Japanese steakhouse operator, reported fiscal 2009 full year results with sales increasing 2.9% and operating profit being down.

Sales at automaker Ford (F | Quote | Chart | News | PowerRating) were down 10 to 20% in June, however the automaker has a higher percentage of the world's largest auto market per George Pipas, Ford's U.S. Sales Analyst.

Hewlett Packard (HPQ | Quote | Chart | News | PowerRating) advanced nicely on strength in technology Monday.

Home builders, KB Home (KBH | Quote | Chart | News | PowerRating) and Lennar Group (LEN | Quote | Chart | News | PowerRating) advanced on the former being upgraded to neutral by Credit Suise.

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