The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Chip giant Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) has had its estimates cut by
Dan Niles of Lehman Brothers.
Tobacco stocks
RJ Renyolds
(
RJR |
Quote |
Chart |
News |
PowerRating) and
UST Inc.
(
UST |
Quote |
Chart |
News |
PowerRating) have been downgraded by Merrill Lynch to “neutral” from “buy”
on concern over future litigation.
The country’s oldest bank,
Bank of New York
(
BK |
Quote |
Chart |
News |
PowerRating) has lowered its third-quarter profit forecast to $0.47
per share form $0.50 per share.
Also in the banking sector,
Suntrust Banks
(
STI |
Quote |
Chart |
News |
PowerRating)
has been downgraded by UBS Warburg to “hold” from “buy” based on the belief that
earnings expectations are too optimistic.
On a positive note, chemical company and Dow
component DuPont
(
DD |
Quote |
Chart |
News |
PowerRating) has
raised its earnings guidance to $0.35-$0.37 per share vs. previous expectations
of $0.24.