Tuesday Morning Coffee with TradingMarkets

By | TradingMarkets.com | September 23, 2008 09:00 AM
Symbols: MS, MSFT, ABX, GS, NKE








Good Morning!

Stocks Slide, Reversing Friday's Gains ... Crude Oil Spikes on Dollar Decline ... Congress, Treasury Wrangle over Bailout Bill ... Morgan Stanley Gets $8.4 Billion from Mitsubishi UFJ ... Microsoft, Hewlett-Packard, Nike Announce Share Buybacks ...


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TradingMarkets 7 Stocks You Need to Know for Tuesday

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:



  • Microsoft ( MSFT | Quote | Chart | News | PowerRating) announced that it was both increasing its share buyback program to $40 billion as well as raising its dividend by 18%.



  • After petitioning the Federal Reserve, both Morgan Stanley ( MS | Quote | Chart | News | PowerRating) and Goldman Sachs ( GS | Quote | Chart | News | PowerRating) have been granted status as bank holding companies. The move marks the end of the independent investment bank era on Wall Street.



  • Indicative of the strength in gold mining stocks on Monday, Barrick Gold Corporation ( ABX | Quote | Chart | News | PowerRating) was up more than 9%.



  • Reporting earnings on Wednesday after the market closes, Nike Corporation ( NKE | Quote | Chart | News | PowerRating) announced on Monday a plan to buy an additional $5 billion of its own stock.



  • Also on the share buyback bandwagon on Monday was Hewlett-Packard ( HPQ | Quote | Chart | News | PowerRating), which announced a plan to increase their share buyback program by an additional $8 billion.



  • Homebuilder Lennar ( LEN | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the market opens. Analysts are expecting a loss of 0.52 per share.


For a list of today's highest PowerRating stocks, click here.







TradingMarkets 5 PowerRatings Stocks for Today


















Company
Symbol PowerRatings
Radio Shack Corporation RSH 9
First Cash Financial Services FCFS 9
ResMed Inc. RMD 8
Transact Technologies TACT 8
Central Garden & Pet Company CENTA 8





View More Stocks





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Original publication: September 23, 2008

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