Stocks To Open Firmer
Stocks appeared set to open firmer Monday.
Goldman Sachs upgraded a number of
stocks in the U.S. Semiconductor sector, putting the sector at an Overweight
rating. Companies which were upgraded in the sector were: Intel
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Qualcomm
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Microtune
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also raised its ratings on Analog Devices
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to Recommend List from Hold, and upgraded Linear Technologies
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Hold to Outperform.
Equifax
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Robertson Stephens from Market Outperform to Buy.
UBS Warburg upgraded Xerox
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from Hold to Buy, and set a price target of $12 for the company.
According to a report by the Wall
Street Journal, biotechnology company Geron
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holds the rights to an enzyme called telomerase that can prevent the aging of
cells.
Krispy Kreme
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as President, North America.
The Federal Reserve announced that it
will be adding temporary reserves to the banking systems. They will be doing
this through 28-day fixed system repurchase agreements.
China has agreed to buy 40 planes from
Boeing
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Alcoa
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net to 35 cents, a penny shy of its previous announcement.
Berkshire Hathaway
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$231 a share, an increase of 43%, but $59 short of analysts’ expectations..
May Department Stores
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reported a 17.7% fall in Q2 income. The company reported 35 cents a share, in
line with analysts’ expectations, according to Thomson Financial/First Call.
Biotechnology company Scios
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said the FDA approved its drug Natrecor, which is used to treat
patients with congestive heart failure who have shortness of breath.
UBS Warburg lowered estimates for
Ciena
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2001 to 72 cents from 73 cents and 2002 from $1.10 to 80 cents a share. The
analyst still maintains the Hold rating on the company.
Until later,