TradingMarkets 7 Stocks You Need to Know for Tuesday

• By David Goodboy
• On 4:10 pm EDT, Monday October 19, 2009

Stocks closed higher on the day fuelled by early earnings releases and general macro optimism. Bernanke stated that the deficit must be reigned in while urging China to up consumption, further spurred the bulls into action. Carl Icahn gave a generous life line to barely alive CIT Group but its unknown if the company will accept the offer. The DJIA climbed 96.28, the Nasdaq added 19.52 and the broad based S&P 500 advanced 10.23.

Here are 7 stocks you need to know for Tuesday. Find high probability stock trading strategies for stocks such as these in Larry Connors' book, Short Term Trading Strategies That Work.

Money manager, BlackRock (NYSE:BLK - News), is expecting third quarter 2009 earnings of $1.87/share prior to the start of trading on Tuesday. The Stock PowerRating for BLK is 4.

81 cents/share is the forecast figure for Coca Cola's (NYSE:KO - News) third quarter on Tuesday morning before the bell. The Stock PowerRating for KO is 4.

The Great Atlantic & Pacific Tea Company (NYSE:GAP - News) is hoping the fiscal second quarter 2010 loss does not exceed 74 cents/share. The Stock PowerRating for GAP is 2.

Institutional investor services firm, State Street (NYSE:STT - News), has analysts expecting third quarter earnings of $1.00/share before the trading day on Tuesday morning. The Stock PowerRating for STT is 6.

Chemical giant, DuPont (NYSE:DD - News), has forecast a third quarter EPS of 33 cents with the actual number being revealed before 9:30 AM EST on Tuesday. The Stock PowerRating for DD is 5.

After the close on Tuesday, Gilead Sciences (NasdaqGS:GILD - News), reveals its third quarter earnings with an expected number of 69 cents/share. The Stock PowerRating for GILD is 4.

It won't be until after Tuesday's close that traders will find out if Yahoo (NasdaqGS:YHOO - News) made their 7 cents/share projected number for the third quarter. The Stock PowerRating for YHOO is 6.

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