NEW YORK (TheStreet) -- After the Monday holiday, U.S. equities are moving higher on Tuesday with the Nasdaq leading the way. TheStreet's Jonathan Marino takes a look at today's big headlines.
U.S. stocks aren't the only indices enjoying gains on Tuesday. Both European and Asian markets are higher on news the Chinese central bank will infuse $42 billion worth of liquidity into its market as part of its stimulus program, he said.
Turning to earnings, shares of Johnson & Johnson (JNJ) are lower despite beating on top- and bottom-line estimates. The company's slightly lower-than-expected full-year guidance is likely responsible for the decline.
Finally, Marino said that Jim Cramer, who co-manages the Actions Alerts PLUS portfolio, likes Nike (NKE), saying it looks good going forward. Shares are down 8% from its highs made on Dec. 9, but should be considered a buying opportunity, according to Cramer.
The company, an AAP holding, should continue to benefit from strong sales in Western Europe, as well as solid marketing campaigns for the World Cup and the Olympics, Marino concluded.