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TradingMarkets 7 Stocks You Need to Know for Tuesday

By David Penn | TradingMarkets.com | October 13, 2008
Symbols: JNJ, ABT, INTC, RSG, WMI

Stocks experienced their most positive day in years as last week's oversold extremes resulted in a powerful, across the board move higher on Monday.


The Dow gained 936.42. The Nasdaq Composite advanced by 194.74. And the S&P 500 added 104.13.


Here are 7 Stocks You Need to Know for Tuesday.


Reporting earnings Tuesday morning before the market opens, Johnson & Johnson ( JNJ | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 1.11.


Waste Management Industries ( WMI | Quote | Chart | News | PowerRating) will drop its bid for Republic Services ( RSG | Quote | Chart | News | PowerRating) citing the current economic climate.


Intel ( INTC | Quote | Chart | News | PowerRating) reports quarterly earnings Tuesday afternoon after the market closes. Analysts expect the company to report earnings per share of 0.34.


Abbott Laboratories ( ABT | Quote | Chart | News | PowerRating) announced a $5.5 billion share buyback program on Monday.


Morgan Stanley ( MS | Quote | Chart | News | PowerRating) reported that it had completed an agreement with Mitsubishi UFJ that will provide for a $9 billion stake in the Wall Street firm.


Genentech Inc. ( DNA | Quote | Chart | News | PowerRating) reports earnings Tuesday after the close. Analysts are expecting EPS of 0.88.


Do you think that Genentech will be Up or Down on Wednesday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!

Original publication: October 13, 2008