The Stocks Wall Street Is Watching

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

Deutsche Securities has turned
positive on select semiconductor stocks as it upgrades to "buy" from "hold"
Novellus

(
NVLS |
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, Lam Research
(
LRCX |
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, and Applied
Materials

(
AMAT |
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.

Salomon Smith Barney has taken a swing at select biotech
stocks as it downgrades to "underperform" from "in-line" Medarex
(
MEDX |
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,
Biogen
(
BGEN |
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, and MedImmune
(
MEDI |
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.

Online services company Hotels.com
(
ROOM |
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News |
PowerRating)

has issued a revenue warning for the fourth-quarter, as the company now
expects to earn $270-$271 million vs. previous guidance of $283-$289 million.
Lower in sympathy are Expedia
(
EXPE |
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and USA Interactive
(
USAI |
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,
the parent company of ROOM.

Personal services company Pre-Paid Legal
(
PPD |
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has announced its membership rate for the fourth-quarter fell 6% from a year
ago, and that its president, Wilburn Smith, has resigned.

Shipping company Federal Express
(
FDX |
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has been
upgraded by CSFB to "outperform" from "neutral".

Pre-market action:

(
GOJO |
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+40%,
(
LOOK |
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PowerRating)
+18%,
(
MCDT |
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+17%,
(
AMEV |
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+17%,
(
BRCD |
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+8%,
(
LRCX |
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News |
PowerRating)
+5% ;
(
NTAP |
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+3.5%,
(
HGSI |
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+3.5%,
(
FDX |
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News |
PowerRating)

+2.5%.

[VIRL|VIRL] -20%,
(
PPD |
Quote |
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-20%,
(
ROOM |
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Chart |
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PowerRating)
-19.5%,
(
USAI |
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PowerRating)
-10%,
(
EXPE |
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News |
PowerRating)
-10%,
(
TMCS |
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PowerRating)

-8%,
(
TSG |
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-3.5%,
(
CD |
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-1.2%.