NEW YORK (TheStreet) -- After the holiday on Monday, U.S. equities are mixed Tuesday, with the Dow Jones Industrial Average down slightly, and the S&P 500 and Nasdaq in positive territory.

World equity markets are slightly mixed as well, with the FTSE 100 up about 0.5% and the DAX down 0.14%. The Nikkei soared more than 3%. 

Jonathan Marino noted that Coca-Cola (KO) reported earnings before the open. Shares are lower after the company reported in-line earnings results of 46 cents per share and lower-than-expected revenues for the fourth quarter. 

The stock was down roughly 6% on the year headed into the report and is currently off an additional 4% following the results, which were accompanied by weaker-than-expected guidance.  

Herbalife (HLF) will report earnings after the close, Marino added. Analysts are looking for earnings of $1.25 per share, vs. $1.05 per share in the same period last year. The stock is up 70% in the past 12-months. 

Panera Bread Company (PNRA) and Potbelly (PBPB) will also report earnings after Tuesday's close. 

Lastly, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is looking for Johnson & Johnson (JNJ) to boost its buyback plan. The stock is up 20% in the past year. 

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Action Alerts PLUS had no positions in stocks mentioned.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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