Jeff is correct that TULIP and Lutheranism don't play well together although in general I think confessional Lutherans probably have a higher view of God's sovereignty than the average evangelical might. In that sense there is no "Reformed" Lutheran church, whereas in Anglicanism any position from TULIP to 5 point Arminianism is basically acceptable.
My understanding is that like the Southern Baptist Convention, the LCMS is sort of a mixed bag of confessionalists, pragmatists, etc. Both of them were on a slippery slope toward outright liberalism several decades ago but changed course about 30 years ago, upholding the authority of the Bible and regaining control of the seminaries, in dramatic fashion in some instances. This is something that no other denomination of comparable size and significance has been able to pull off. (In other cases, "conservatives" in denominations like the CRC and old PCUS had to leave to form "continuing" churches like the PCA, URCNA, etc.) With LCMS then there is going to be some variation from congregation to congregation. I'm of course much more familiar with the SBC, (and let's not debate it in this thread on Lutheranism) but as Jeff noted, some now perceive a leftward direction in the LCMS.
I think by far the largest Lutheran bodies are ELCA (the mainliners), LCMS and WELS. The latter two denominations have rather helpful websites that go into some detail explaining their views and differences with each other.