The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Chip maker Genesis Microchip
(
GNSS |
Quote |
Chart |
News |
PowerRating) has
entered a merger agreement with Pixelworks
(
PXLW |
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Chart |
News |
PowerRating) to form a combined
company to be known as Genesis Pixelworks.
JP Morgan has reduced its estimates on auto stocks
due to weak sales and concerns over conflict with Iraq. Stocks with reduced
estimates are:
(
F |
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News |
PowerRating),
(
GM |
Quote |
Chart |
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PowerRating),
(
BWA |
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Chart |
News |
PowerRating),
(
GNTX |
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News |
PowerRating),
(
JCI |
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News |
PowerRating),
(
LEA |
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News |
PowerRating),
(
ARM |
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Chart |
News |
PowerRating),
(
CKC |
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Chart |
News |
PowerRating),
(
CTB |
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Chart |
News |
PowerRating),
(
MGA |
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Chart |
News |
PowerRating),
(
TWR |
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Chart |
News |
PowerRating),
(
DCN |
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Chart |
News |
PowerRating),
(
DPH |
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News |
PowerRating),
(
GT |
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News |
PowerRating), and
(
CT |
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News |
PowerRating).
Computer services company PEC Solutions
(
PECS |
Quote |
Chart |
News |
PowerRating)
has lowered its earnings guidance for the first-quarter and full year due to
expected delays in government contracts. The stock has also been downgraded by
JP Morgan to "underweight" from "neutral".
Salomon Smith Barney has downgraded the tobacco
sector to "underweight" from "market-weight" due to a potential negative outcome
on a lawsuit against Altria. Altria
(
MO |
Quote |
Chart |
News |
PowerRating) has had its price target cut
to $39 form $48, and Lowes Carolina
(
CG |
Quote |
Chart |
News |
PowerRating) has been downgraded to
"in-line" from "outperform".
Defense contractor Lockheed Martin
(
LMT |
Quote |
Chart |
News |
PowerRating)
has won a $4.1 billion military contract from the Pentagon to build 60 C-130J
aircraft.
Restaurant company Wendy’s
(
WEN |
Quote |
Chart |
News |
PowerRating) has been
downgraded by Salomon Smith Barney to "in-line" from "outperform".
Pre-market:
(
IDCC |
Quote |
Chart |
News |
PowerRating) +9%,
(
GNSS |
Quote |
Chart |
News |
PowerRating) +8%,
(
ACDO |
Quote |
Chart |
News |
PowerRating) +4%.
(
ISIS |
Quote |
Chart |
News |
PowerRating) -30%,
(
PECS |
Quote |
Chart |
News |
PowerRating) -27%,
(
PLXW |
Quote |
Chart |
News |
PowerRating)
-14%,
(
MHK |
Quote |
Chart |
News |
PowerRating) -9%,
(
AFCE |
Quote |
Chart |
News |
PowerRating) -5%
(
WEN |
Quote |
Chart |
News |
PowerRating) -2%.