The Stocks Wall Street Is Watching

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

Online bookseller Amazon.com
(
AMZN |
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has beat its first-quarter earnings expectations by $0.06 with
profits of $0.10 per share. The company has also raised its full year revenue
guidance to $4.7 billion vs. previous estimates of $4.6 billion. 

Coffee retailer Starbucks
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has reported second-quarter earnings in-line with with expectations
at $0.13 per share.

Conglomerate
3M Company
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MMM |
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has been downgraded by Bank of America to “neutral” from “buy”.

Car maker
General Motors
(
GM |
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has been downgraded by UBS Warburg to “neutral” from “buy”.

Communications services company
SBC
Communications

(
SBC |
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has been downgraded by RBC Capital to “underperform”
from “sector perform”.

Pre-market action:


(
GNVC |
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+129%,
(
MEDX |
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+36%,
(
AMZN |
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+11%,
(
TRDO |
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+9.5%,
(
SINA |
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+8%,
(
TQNT |
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+7%.


(
OPWV |
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-15%,
(
ELX |
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-9.5%,
(
SBUX |
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-5%,
(
FLEX |
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-4.7%,
(
F |
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-3% and
(
QLGC |
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-2.6%.