The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Conglomerate General Electric
(
GE |
Quote |
Chart |
News |
PowerRating) had
its 2003 earnings estimates cut by Morgan Stanley to $1.70 a share from $1.79 a
share.
Drug makers are under pressure as
Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) was downgraded by USB Piper Jaffray to
“outperform” from “strong buy” based on valuation and the perception that
investor sentiment has ignored risks specific to the company’s business. Also,
Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) has been downgraded by Raymond James to “market perform” from “strong
buy” based on the belief that the company will issue an earnings warning by
December.
Gaming company Argosy Gaming
(
AGY |
Quote |
Chart |
News |
PowerRating) warned that its third quarter earnings will be $0.63-$0.65 per share vs. the
Multex consensus of $0.72.
Regional bank SunTrust Banks
(
STI |
Quote |
Chart |
News |
PowerRating) missed its
third quarter earnings expectations by $0.01 with profits of $1.20
per share.
Retailer Gymboree
(
GYMB |
Quote |
Chart |
News |
PowerRating) raised its
earnings outlook to $0.15-$0.17 a share from previous estimates of $0.13-$0.15
a share.