Tuesday, July 14, 2009

7 Stocks you need to know for Tuesday

Waves of good news hit the stock market today in stark contrast to last week's onslaught of negative words. Shares soared on financial king pin Goldman Sachs being upgraded on the eve of earnings. Positive sentiment from Treasury Secretary, Geithner, eased investor's fears as a buying frenzy erupted. The DJIA surged 185.16, the Nasdaq pushed ahead by 37.18 and the S&P 500 marched forward 21.92.

The big story of the day was Goldman Sachs (GS | Quote | Chart | News | PowerRating), which was upgraded by analyst Meredith Whitney on the eve of their 2nd quarter earnings release. An EPS of $3.34 is expected before the bell on Tuesday.

Second quarter earnings are also expected from pharmaceutical giant Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) before the bell on Tuesday. Analysts are expecting an EPS of $1.11.

Computer chip maker Intel (INTC | Quote | Chart | News | PowerRating) is expected to report positive 2nd quarter earnings of 7 cents after the close on Tuesday.

Fast food monster YUM! Brands (YUM | Quote | Chart | News | PowerRating) reports 2nd quarter earnings after the bell on Tuesday with an anticipated EPS of 43 cents.

The first quarter fiscal 2010 results of the life insurance policy investment company, Life Partners Holdings (LPHI | Quote | Chart | News | PowerRating), will be announced during market hours with an expected EPS of 53 cents.

Longbow Research upped the rating on wind tower maker, Trinity Industries (TRN | Quote | Chart | News | PowerRating) to a "buy".

Beat down insurer American International Group (AIG | Quote | Chart | News | PowerRating) may be the fortunate recipient of a $2 billion dollar buyout offer for its Taiwan life insurance division.

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