The Stocks Wall Street Is Watching

December 4, 2002
TradingMarkets Editors

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

Media monster Walt Disney
(
DIS |
Quote |
Chart |
News |
PowerRating) has
lowered its earnings expectations for the first-quarter of 2003 by $0.01. The
company has also lowered expectations for the full year 2003 by $0.03.

Computer hardware company Hewlett Packard
(
HPQ |
Quote |
Chart |
News |
PowerRating) has reduced its sales growth estimates for the year ending in October to
between 2 percent and 4 percent, vs. previous estimates between 4 percent and 6
percent. Lehman Brothers notes the reduction is still above the analysts’
consensus.

Electric utilities company First Energy
(
FE |
Quote |
Chart |
News |
PowerRating)
has lowered its earnings expectations for the full year to the range of
$3.35-3.55 per share vs. previous expectations of $3.70-3.90 per share.

Healthcare facilities company Tenet Healthcare

(
THC |
Quote |
Chart |
News |
PowerRating) has lowered its earnings guidance for the full year 2003 to
the range of $2.38-2.78 per share vs. a previous consensus of $2.86 per share.

Oil service company Schlumberger
(
SLB |
Quote |
Chart |
News |
PowerRating)
has been upgraded by Lehman Brothers to “overweight” from “equal weight”.

Pre-market action:

The Stocks Wall Street Is Watching

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