The Stocks Wall Street Is Watching

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

Money Center Bank Citigroup Inc.
(
C |
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beat
its earnings expectations by $0.02 with profits of $0.79 per share.

Also in the business of being a money center bank,
Bank of America
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has beat its first-quarter earnings
expectations by $0.11 with profits of $1.48 per share. And, JP Morgan [JPM|JPM
is the subject of a positive Wall Street Journal article which claims  no
current news on the stock looks good given the company’s recent setbacks.

Financial services company Fannie Mae
(
FNM |
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has beat its first-quarter earnings by $0.10 with profits of $1.84 per share.

Internet stocks made the cover of Barron’s over the
weekend in an article which highlighted Yahoo!
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YHOO |
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, Amazon.com
[AMZN]AMZN], and eBay
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as potentially overvalued.

In the retail sector Merrill Lynch has downgraded to
"neutral" from "buy" the following: Abercrombie and Fitch
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ANF |
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,
Coach

(
COH |
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, Gap
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GPS |
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, Ross Stores
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, and
TJ Max
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.

Pre-market:


(
STOR |
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+21% ,
(
OSIP |
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+7.5%, REGN|REGN] +5%,
(
SONS |
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+4.5%.


(
CUM |
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-9%,
(
DPMI |
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-7%
and
(
CSGS |
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-6%
(
AMZN |
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-3.5%,
(
YHOO |
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-2.2% and
(
EBAY |
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-1.2%