Higher Opening
Stocks appear set to open higher
Wednesday.
Nvidia
(
NVDA |
Quote |
Chart |
News |
PowerRating) was downgraded at
Morgan Stanley from Overweight to Equal Weight due to weak PC demand and GPU
pricing pressure.
Salomon Smith Barney upgraded RJ
Reynolds
(
RJR |
Quote |
Chart |
News |
PowerRating) from Neutral to Buy based on valuation and put a price target
of $66 on the company.
Morgan Stanley upgraded Carnival
Cruise Lines
(
CCL |
Quote |
Chart |
News |
PowerRating) and Royal Caribbean
(
RCL |
Quote |
Chart |
News |
PowerRating) from Equal Weight to
Overweight based on the risk/reward outlook.
Salomon Smith Barney downgraded
Capital One
(
COF |
Quote |
Chart |
News |
PowerRating) from Buy to Neutral and lowered its price target from $70
to $50, citing systems shortfalls.
Metris
(
MXT |
Quote |
Chart |
News |
PowerRating) reported a Q2 loss of
74 cents a share, 96 cents worse than Multex consensus.
According to a report in the New York
Times, approximately one half of the doctors surveyed recommended patients to
stop taking Wyeth’s
(
WYE |
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Chart |
News |
PowerRating) hormone replacement therapy Prempro.
Invision Technologies
(
INVN |
Quote |
Chart |
News |
PowerRating) said
that is has received a $106.8 million order from the Security Administration of
the Department of Transportation for 50 of INVN’s CTX 9000DSi explosive
detection systems.
JP Morgan Chase
(
JPM |
Quote |
Chart |
News |
PowerRating) reported Q2
earnings of 58 cents a share, 7 cents worse than analysts’ consensus according to
Multex.
Tellabs
(
TLAB |
Quote |
Chart |
News |
PowerRating) posted Q2 earnings
at breakeven, excluding items, missing analysts’ consensus by a penny according to
a survey taken by Multex.