The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Goldman Sachs has been active
in the retail sector today, as it raised fourth-quarter estimates on JC Penny
(
JCP |
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Chart |
News |
PowerRating) to $0.65 per share from $0.60 per share, and lowered fourth-quarter
estimates for Federated Department Stores
(
FD |
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Chart |
News |
PowerRating) to $1.90 per share
$1.95 per share, and May’s Department Stores
(
MAY |
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Chart |
News |
PowerRating), , to $1.25 per
share from $1.28 per share.
The Wall Street Journal reports
that a consolidation in the software industry may be taking place due to recent
acquisitions by International Business Machines
(
IBM |
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Chart |
News |
PowerRating) Yahoo!
(
YHOO |
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Chart |
News |
PowerRating)
Veritas
(
VRTS |
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Chart |
News |
PowerRating) Cognos Inc.
(
COGN |
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Chart |
News |
PowerRating) and Sybase Inc.
(
SY |
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Chart |
News |
PowerRating). Potential takeover targets cited were BEA Systems
(
BEAS |
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Chart |
News |
PowerRating),
Citrix Systems
(
CTXS |
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Chart |
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PowerRating), Legato Systems
(
LGTO |
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Chart |
News |
PowerRating), and
Netegrity Inc.
(
NETE |
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News |
PowerRating).
Conglomerate Tyco
(
TYC |
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Chart |
News |
PowerRating)
has released the results of its internal investigation, and reports no evidence
of accounting fraud. Lehman Brothers has given the company a clean bill of
health.
Pre-market action
(
TYC |
Quote |
Chart |
News |
PowerRating) +8.8%,
(
CPWR |
Quote |
Chart |
News |
PowerRating)
+2.3%,
(
BEAS |
Quote |
Chart |
News |
PowerRating) +1.1%,
(
THO |
Quote |
Chart |
News |
PowerRating) +3.5%,
(
NMTC |
Quote |
Chart |
News |
PowerRating) +2.9%,
(
PDX |
Quote |
Chart |
News |
PowerRating) +2.1%,
(
SUNW |
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Chart |
News |
PowerRating)
+1.6%,
(
UAL |
Quote |
Chart |
News |
PowerRating) +1.4%.
(
CDCY |
Quote |
Chart |
News |
PowerRating) -14.2%,
(
ARBA |
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Chart |
News |
PowerRating)
-9.7%,
(
CORV |
Quote |
Chart |
News |
PowerRating) -4.1%,
(
VIGN |
Quote |
Chart |
News |
PowerRating) -2.5%, [ITWOITWO] -1.8%.