The Stocks Wall Street Is Watching

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

Software maker Oracle
(
ORCL |
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has beat
its third-quarter earnings expectations by $0.01 with earnings of $0.11 per
share, though is lower in the pre-market with disappointing earnings guidance.

Internet infrastructure giant Cisco Systems
(
CSCO |
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has announced a $5 billion stock buyback authorization, with the belief that the
move will be in the best interest of its share holders.

Chip maker Microchip Technology Incorporated
(
MCHP |
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has guided lower for the fourth-quarter and now expects to earn
$0.17 per share vs. a consensus estimate of $0.18 per share.

Investment services company Bear Stearns
(
BSC |
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has beat its first-quarter earnings expectations by $0.65 per share with
profits of $2.00 per share.

Defense contractor Lockheed Martin
(
LMT |
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PowerRating)

has been upgraded by Morgan Stanley to "overweight" from "equal-weight".

Home builder Lennar Corp.
(
LEN |
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has beat
its first-quarter earnings expectations by $0.10 per share with profits of $1.51
per share.

Pre-market action:


(
WEL |
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+35%,
(
VISG |
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+15%,
(
PCLN |
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+12%,
(
AMHC |
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+8%,
(
RHAT |
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+6.5%,
(
CTXS |
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+3.8%,
(
MO |
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+2%.


(
MCHP |
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-10%,
(
PWER |
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-8%,
(
QGENF |
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-5.8%,
(
AFFX |
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-5%,
(
ORCL |
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-4.8%
(
BMET |
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-4%,
(
AMZN |
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-2.5%
(
WAT |
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-2%.