TradingMarkets 7 Stocks You Need to Know for Tuesday

• By David Goodboy
• On 4:11 pm EDT, Monday October 5, 2009

Stocks surged higher today on the back of a positive ISM figure and Goldman Sachs upgrades. The Institute of Supply Management's (ISM) Supply Index broke the critical 50 barrier indicating that economy is expanding. Goldman Sachs followed suit by upgrading banks and financial companies triggering a solid rally across the board. The DJIA advanced 112.08, the Nasdaq climbed 20.04, and the S&P 500 ended higher by 15.25.

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.

Fast food specialist, Yum! Brands (NYSE:YUM - News), announces fiscal third quarter 2009 earnings after the bell on Tuesday with a forecast number of 59 cents/share. The Stock PowerRating for YUM is 5.

Medical device maker, AngioDynamics (NasdaqGS:ANGO - News), is expecting a fiscal first quarter 2010 EPS of 8 cents/share after the close on Tuesday evening. The Stock PowerRating for ANGO is 6.

Acuity Brands (NYSE:AYI - News), the lighting fixture company, reveals its results prior to the open on Tuesday with a forecast EPS of 57 cents for its fiscal fourth quarter 2009. The Stock PowerRating for AYI is 8.

Much anticipated fiscal third quarter earnings for Pepsi Bottling (NYSE:PBG - News) will be announced before trading starts on Tuesday with a consensus estimate of $1.08/share. The Stock PowerRating for PBG is 5.

An EPS of $1.21 is the earnings number for Chattem Inc's (NasdaqGS:CHTT - News) fiscal third quarter 2009 expected before the bell on Tuesday morning. The Stock PowerRating for CHTT is 6.

Options volume is surging on Hess Corp's (NYSE:HES - News) stock as takeover rumors swirl around the street. The Stock PowerRating for HES is 5.

Terra Industries (NYSE:TRA - News) has buy out sharks still circling after rejecting several offers. The Stock PowerRating for TRA is 7.

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