Stocks To Open Higher
Stocks appear set to open higher
Tuesday.
According a report from CNBC, a plane
may have crashed into one of the Twin Towers (World Trade Center) in New York
City. Based on reports from witnesses, it appears a twin-engine plane crashed
into the North Tower.
According to a report in the Wall
Street Journal, Amazon.com
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AMZN |
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PowerRating) will align with Target
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TGT |
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PowerRating) to
sell goods over the Internet. The alliance should increase the number of
products AMZN has to offer.
Home Depot
(
HD |
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ARBA |
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to manage its corporate spending and to increase procurement.
Lehman Brothers upgraded Goldman Sachs
(
GS |
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PowerRating) from Buy to Strong Buy.
TRW Inc.
(
TRW |
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PowerRating) has won the Army
guardrail sensor contract worth approximately $13 million.
Symantec Corp.
(
SYMC |
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PowerRating) was
downgraded by FAC/Equities to Neutral.
FAC/Equities intitiated coverage on
Netegrity
(
NETE |
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PowerRating) with a Neutral rating.
WR Hambrech downgraded Vitesse
Semiconductor
(
VTSS |
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PowerRating) to Buy.
Macromedia
(
MACR |
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PowerRating) announced that
its Flash Play 5 will be packaged with all versions of Microsoft
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MSFT |
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Windows XP operating systems.
Salomon Smith Barney downgraded a
number of telecom equipment companies: PMC-Sierra
(
PMCS |
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PowerRating) from Buy to
Outperform, Vitesse Semiconductor
(
VTSS |
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PowerRating) and JDS Uniphase
(
JDSU |
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PowerRating) from
Buy to Neutral, and Ciena
(
CIEN |
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PowerRating), Juniper Networks
(
JNPR |
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PowerRating) and Corning
(
GLW |
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PowerRating)
from Outperform to Neutral. The company, however, reiterated its Buy rating on
Applied Micro Circuits
(
AMCC |
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PowerRating).
Credit Suisse First Boston downgraded
Newport Corp.
(
NEWP |
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PowerRating) from Buy to Hold.
UBS Warburg upgraded Minnesota Mining
& Manufacturing from Buy to Strong Buy.
Allied Waste
(
AW |
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PowerRating) was downgraded by
Merrill Lynch on its near-term rating from Neutral to Reduce.
ABN Amro upgraded Pharmaceutical
Product Development
(
PPDI |
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PowerRating) to Buy from Add.