Lower Opening For Stocks
Stocks appear set to open lower
Friday.
Plexus Corp
(
PLXS |
Quote |
Chart |
News |
PowerRating) reported Q3
net earnings of 7 cents a share, in line with analysts’ consensus according to
Multex.
According to a report in the New York
Times, the government is conducting a criminal investigation into Johnson &
Johnson’s
(
JNJ |
Quote |
Chart |
News |
PowerRating) factory in Puerto Rico which makes the company’s
anemia drug Eprex, which is linked to a number of serious illnesses in Europe and
Canada.
McData
(
MCDT |
Quote |
Chart |
News |
PowerRating) was upgraded at
Merrill Lynch from Neutral to Buy after the company reported Q2 earnings that
beat expectations.
Morgan Stanley downgraded Informatica
(
INFA |
Quote |
Chart |
News |
PowerRating) from Overweight to Equal Weight.
Red Robin Gourmet’s
(
RRGB |
Quote |
Chart |
News |
PowerRating) 5.04
million IPO is priced at $12/share, below the earlier anticipated range of
between $14 – $16 a share.
CPI for June rose.1% as did the
CPI Core rate, pretty much in line
with expectations.