The Stocks Wall Street Is Watching

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

In the chip sector, Applied Materials
(
AMAT |
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has cut its second-quarter earnings estimates to $1.0-0.02 per share vs.
previous estimates of $0.03 per share. Merrill Lynch has also cut its full year
estimates on the company.

Computer services company PEC Solutions
(
PECS |
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is down sharply in the pre-market after beat its fourth-quarter earnings
expectations by $0.01, though guiding lower for the first-quarter. The company
expects first-quarter earnings to be $0.17-0.18 per share vs. previous
expectations of $0.20 per share.

In the auto sector, General Motors
(
GM |
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has been downgraded by Bank of America to "sell" from "neutral".

Global positioning system maker Garmin Ltd.
(
GRMN |
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has beat its fourth-quarter earnings by $0.07 with profits of $0.42. per share.

Communications services company Alltel
(
AT |
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has been upgraded by UBS Warburg to "buy" from "neutral".

Pre-market action:


(
MESA |
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+6%,
(
NTAP |
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+2.5%,
(
MANH |
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+1.7%,
(
WVCM |
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+1%,
(
CLX |
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+0.9%.


(
PECS |
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-24%,
(
SANG |
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-17.5%,
(
SRDX |
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-9%,
(
USAI |
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-7%,
(
GM |
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-4% ,
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VIA.B |
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-3.8% ,
(
LAB |
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-3.5%,
(
AMAT |
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-3%,
(
EXPE |
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-2%,
(
COF |
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-1.5%.