TradingMarkets 7 Stocks You Need to Know for Tuesday

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.

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