The Stocks Wall Street Is Watching

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

Computer networking company Cerner Corp.
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has reduced its first-quarter guidance, and now expects to earn between
$0.13-0.15 vs. a consensus of $0.38.

Software company Cognos Inc.
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has
beat its fourth-quarter earnings by $0.06 with profits of $0.33 per share.

Retailer Bed Bath & Beyond
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has
beat its fourth-quarter earnings by $0.02 with profits of $0.35 per share.

In the pharmaceutical sector Johnson & Johnson
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has received FDA approval for its drug Remicade, and AstraZeneca
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has been downgraded by Merrill Lynch to "neutral" from "buy".

Financial services company H&R Block
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has been downgraded by Goldman Sachs to "underperform" from "in-line".

Morgan Stanley has downgraded the wireless telecoms
sector to "cautious" from "in-line", and has downgraded Verizon
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to "equal-weight" from "overweight", though has upgraded BellSouth
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to "overweight" from "equal-weight".

Pre-market action:


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SEPR |
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+9.5%,
(
COGN |
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+7.5%,
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BOBJ |
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+5%,
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GERN |
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+5%,
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AVCT |
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+4.5%,
(
AMD |
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+3.5%.


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CERN |
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-42%,
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NSDA |
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-33%,
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JDAS |
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-18.5%,
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GIVN |
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-18%,
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PLCM |
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-9.5%,
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RETK |
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-9.5%,
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WEBM |
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-9%,
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SBGI |
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-3.4%,
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ESI |
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-3.5%.