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Monday, October 01, 2007

Hot Stocks to Watch Tuesday

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
Palm (NasdaqGS:PALM - News) beat earnings estimates on Monday afternoon, announcing $0.09 EPS over an expected $0.08 EPS. PALM's PowerRating (for Traders) is 4.
Pepsi Bottling (NYSE:PBG - News) should report $0.89 EPS on Tuesday before the market opens. PBG's PowerRating (for Traders) is 5.
Citigroup (NYSE:C - News) and UBS (NYSE:UBS - News) both announced major profit warnings for Q3 of this year, as the subprime mortgage effects continue to reverberate in the margin. C speculated that profit would fall 60% from last year, while UBS said it would probably lose about $3.4 billion. Despite the news, both companies were up on the day. C's PowerRating (for Traders) is 4, and UBS's PowerRating (for Traders) is 4.
Nokia (NYSE:NOK - News) announced plans to buy digital-map provider Navteq for $8.1 billion. NOK's PowerRating (for Traders) is 4.
Walgreen (NYSE:WAG - News) lost 15% on Monday, after missing analyst earnings estimates by a long-shot before the market opened. WAG's PowerRating (for Traders) is 5.
Acxiom (NasdaqGS:ACXM - News) announced that its $2.2 billion buyout by private firms has cancelled. ACXM will be awarded a $65 million termination fee, but the stock fell about 20% on the news. ACXM's PowerRating (for Traders) is 7.

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