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Tuesday's Hot Stocks to Watch Headlined by Facebook Inc. (Nasdaq: FB)

Stocks to watch for Tuesday, Oct. 28, 2014: Almost 70% of U.S. companies that have reported Q3 profits have beaten expectations, according to Thomson Reuters.

Earnings gains have been generally less than 10% – not outstanding, but good enough to reassure investors about the health of U.S. companies.

Tuesday's list of hot stocks to watch includes a social media giant, a pharmaceutical titan, a big biotech, a struggling luxury retailer, and more.

Seven Hot Stocks to Watch Tuesdaystocks to watch

Hot Stocks to Watch No. 1: Facebook Inc. (Nasdaq: FB) reports Q3 numbers after today's close. Wall Street expects the social media bellwether to post earnings per share (EPS) of $0.40. Whisper numbers are for EPS of $0.44. The key numbers to watch are user growth and ad revenue. As we've said, Facebook has some monster ad plans and we expect those to pay off handsomely for the company and investors in years to come. (Find out Facebook's money-making plans here.)

At $79.93, FB stock is up a whopping 46.23% year to date.

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