The Stocks Wall Street Is Watching

The following stocks may be impacted due to significant news as noted:

Media giant America Online (AOL | Quote | Chart | News | PowerRating) is being reported to be under investigation by the SEC over whether or not the company misstated $400 million in advertising revenue.

Entertainment company Walt Disney (DIS | Quote | Chart | News | PowerRating) has had its estimates for the full years 2003 and 2004 cut by Goldman Sachs. The firm is now looking for 2003 earnings per share to be $0.59 vs. previous expectations of $0.64.

Oil service company Haliburton (HAL | Quote | Chart | News | PowerRating), has lost a bid for a $600 million contract to help rebuild Iraq.

Auto maker Ford Motor (F | Quote | Chart | News | PowerRating) received negative comments in Barron's over the weekend which claimed the company could lose its debt rating if efforts to revitalize its business fail.

Software company Cognizant Tech (CTSH | Quote | Chart | News | PowerRating) has had coverage initiated on it by Morgan Stanley at "underweight".

Defense stocks received negative comments in a Barron's article over the weekend which claimed the following companies are showing weakness due to technical indications: Boeing (BA | Quote | Chart | News | PowerRating), Raytheon (RTN | Quote | Chart | News | PowerRating), Alliant Tech Systems (ATK | Quote | Chart | News | PowerRating), General Dynamics (GD | Quote | Chart | News | PowerRating), L-3 Communications (LLL | Quote | Chart | News | PowerRating), and Rockwell Collins (COL | Quote | Chart | News | PowerRating).

Pre-market action:

(DYN | Quote | Chart | News | PowerRating) +19%, (RGLD | Quote | Chart | News | PowerRating) +4.5%, (PAAS | Quote | Chart | News | PowerRating) +2%), (PECS | Quote | Chart | News | PowerRating) +2%

(REGN | Quote | Chart | News | PowerRating) -48%, (TKTX | Quote | Chart | News | PowerRating) -16%, (IMCL | Quote | Chart | News | PowerRating) -6.9%, (JWN | Quote | Chart | News | PowerRating) -5%, (CTSH | Quote | Chart | News | PowerRating) -4.3%, (ATVI | Quote | Chart | News | PowerRating) -2%.