Stocks Set To Open Lower
Stocks appeared set to open lower
Thursday.
Walt Disney
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DIS |
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announced a joint venture to form Movies.com, a video-on-demand service.
CE Unterberg upgraded Alpha Industries
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AHAA |
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in yesterday’s session.
Medtronic
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MDT |
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sell $1.5 billion of Contingent Convertible Debentures maturing in 2021.
Woman’s retailer Ann Taylor
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announced a 3.5% decline in August same-store sales.
Biotechnology company Macro Chem
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said that its topical drug Topiglan, for erectile dysfunction, has shown
statistically significant results.
Banc of America downgraded Micromuse
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from Buy to Market Perform.
Specialty retailer Pier 1 Imports
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reported a 0.9% increase in August same-store sales.
Goldman Sach recommended aggressively
buying airline stocks, due to the economic rebound as shown in the NAPM
index.
Analyst Joe Osha of Merrill Lynch cut
revenue estimates on Intel
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of the mid-quarter update this afternoon.
Lehman Brother analyst Holly Becker
said that Yahoo’s
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YHOO |
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Lehman Brothers said it is cautious on
a number of Semiconductor Equipment stocks. Among those are Asyst Technologies
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Axcelis Tech
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ACLS |
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CYMI |
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EGLS |
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International
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FSII |
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LTXX |
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PRIA |
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Photon Dynamics
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PHTN |
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TER |
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TWAV |
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Varian Semiconductor
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VSEA |
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ABN Amro cautioned on the near term
for Motorola’s
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Sector.
Myriad Genetics
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created a drug to treat human infection by the Hepatitis C virus.
Abbott Labs
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ABT |
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another $1 million in SpectRX
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SPRX |
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5.9% of the company’s stock.