The Stocks Wall Street Is Watching

The following stocks may be
impacted due to significant news as noted:

Chip maker Qualcomm
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has had its
price target cut by UBS Warburg to $31 from $40 due to new accounting
regulations from the SEC and modest earnings growth.

Biotech company Biogen
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has beat
its first-quarter earnings by $0.02 with profits of $0.50 per share.

European mobile phone giant Nokia
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has raised its earnings guidance to EUR 0.18 per share vs. previous expectations
of EUR 0.15-0.17 per share.

Aerospace and defense company Honeywell
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has missed its first-quarter earnings by $0.01 with profits of $0.32 per share.

Conglomerate United Technologies
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UTX |
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has beat its first-quarter earnings by $0.03 with profits of $1.00 per share.
The company has also reaffirmed its full year guidance.

Construction and agricultural machinery maker
Caterpillar

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CAT |
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has been downgraded by UBS Warburg to "neutral" from
"buy".

Pre-market action:


(
AMR |
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+25%,
(
PHSY |
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+21%,
(
AGR.A |
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+12.5%,
(
SNDK |
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+11.5%,
(
BRCM |
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+9%,
(
BCGI |
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+9%,
(
AMCC |
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+7.5%,
(
LRCX |
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+7%,
(
EP |
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+5%,
(
NOK |
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+5%,
(
F |
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+3%,
(
ERICY |
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+2%.


(
CREE |
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-11.5%,
(
SWKS |
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-10%,
(
AMD |
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-6.5%,
(
MRCY |
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-5%,
(
BGEN |
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-2.5%,
(
MERQ |
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-1.8%,
(
QCOM |
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-1.4%.