4 stocks to watch for Tuesday: Dell, Best Buy and more

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Stocks looked poised for an advance at the start of Tuesday's trading, bouncing back after weakness shown the previous day. Here are some stocks to watch for Tuesday:

• Dell (DELL) reported a quarterly profit that easily surpassed analysts' consensus. Revenue slipped 6% to $24.7B, topping projections by $110M. The stock rallied immediately after the earnings were released after the close on Monday. However, shares lost ground in premarket action, showing a decline of 1%.
• Best Buy (NYSE:BBY) rallied in premarket action following the release of its quarterly results. Shares of the electronic retailer advanced 8% after the company exceeded projections with its Q3 results. Comparable store sales dropped 10.4% from last year, but this decline was not as steep as analysts had feared.
• Analog Devices (ADI) also saw premarket strength in the wake of its quarterly report. The firm surpassed projections on both the top and bottom lines, with revenue that surged 39% from last year. The company also gave an upbeat revenue forecast for Q1.
• The release of a disappointing revenue figure put pressure on Medtronic (MDT) before the opening bell. Shares retreated 3% after reporting a top-line figure that slipped 3% from last year to reach about $7.6B. This total missed estimates by $110M. The medical device maker topped expectations with its earnings figure.

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