The Stocks Wall Street Is Watching

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

Dow stock and communications services company
AT&T Corp.

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T |
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  has been downgraded by Goldman Sachs to "in-line"
from "outperform".

Also in the Dow, drug maker Johnson & Johnson
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has been downgraded by Morgan Stanley to "equal-weight" from
"overweight".

Biotech firm Biogen has raised its
first-quarter earnings guidance to $0.47-0.51 per share vs. a consensus of $0.37
per share.

Also in the biotech biz, Biomet has been
downgraded by Merrill Lynch to "neutral" from "buy".

Video retailer Hollywood Entertainment
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has raised its first-quarter earnings guidance based on strong same store sales.

Restaurant company PF Chang’s
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has
announced that they expect to meet or exceed its earnings consensus based on
strong volume from new restaurants.

Pre-market action:


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ASTM |
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+53%,
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AMR |
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+11%,
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HGSI |
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+10%,
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BGEN |
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+10%,
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CPN |
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+8%,
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HLYW |
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+7%,
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BLUD |
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+5.5%.


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OVER |
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-16.5%,
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NATI |
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-15%,
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ROOM |
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-1%.