The Stocks Wall Street Is Watching

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

Software giant Microsoft Corp.
(
MSFT |
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is
lower in the pre-market after reporting lower than expected revenue targets and
a decline in unearned income. The company reported earnings of $0.47 per share
vs. a consensus of $0.46, and also announced that it will for the first time pay
dividends as it undergoes a  2 for 1 stock split.

Computer hardware titan International Business
Machines

(
IBM |
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PowerRating)
has been downgraded by Bear Stearns to "peer perform"
from "outperform" due to valuation. The company reported earnings $0.04 ahead of
expectations with profits of $1.34 per share.

Conglomerate General Electric
(
GE |
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PowerRating)
has
reported earnings in line with expectations at $0.31 per share.

Online auctioneer eBay
(
EBAY |
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PowerRating)
has beat
its fourth-quarter earnings expectations by $0.04 with profits of $0.28.

Chemical company DuPont
(
DD |
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PowerRating)
has had its
earnings estimates cut by Bank of America to $1.95 per share, vs. previous
expectations of $2.25.

In the retail sector, Federated Department Stores
(
FD |
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PowerRating)
has been downgraded by CSFB to "neutral" from "outperform".

Pre-market:


(
AETH |
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+7.5%,
(
CREE |
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+4.5%.


(
SUNW |
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-6.5%,
(
BRCD |
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-6.5%,
(
ORCL |
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-5.5%.
(
CMS |
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-5%,
(
MSFT |
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-5%,
(
CA |
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-5%,
(
BOBJ |
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-5%,
(
KNPR |
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-4%,
(
IBM |
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-3%,
(
DELL |
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-3%.