The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Merrill Lynch has upgraded select semiconductor
stocks due to valuation. Upgraded to "buy" from "neutral" are Agere Systems
(
AGR.A |
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PowerRating) Intersil
(
ISIL |
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(
MRVL |
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Maxim Integrated
(
MXIM |
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(
SMTC |
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PowerRating), Taiwan
Semi
(
TSM |
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PowerRating), and Xilinx
(
XLNX |
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PowerRating).
In the biotech sector Cephalon has guided
lower for the first-quarter despite beating its fourth-quarter estimates by
$0.05 wit profits of $0.41 per share. The stock has also been downgraded by
Lehman to "equal-weight" from "overweight".
Also in the biotech sector, Biogen
(
BGEN |
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PowerRating)
is down in the pre-market after it was announced European approval for its drug
Amevive has been delayed.
Retailer JC Penny
(
JCP |
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PowerRating) has beat its
fourth-quarter earnings estimates by $0.02 with profits of $0.68 per share.
Medical equipment maker Guidant
(
GDT |
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been upgraded by Morgan Stanley to "overweight" from "equal-weight".
Pre-market action:
(
OVTI |
Quote |
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PowerRating) +12%,
(
AN |
Quote |
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PowerRating) +7.4%,
(
NXTL |
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PowerRating) +6.7%,
(
CNXT |
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PowerRating) +6.5%,
(
VTSS |
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PowerRating) +6.5%,
(
CIEN |
Quote |
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PowerRating) +6%,
(
ATML |
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PowerRating) +4.5%,
(
KOSP |
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+3%,
(
ISIL |
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PowerRating) +3%,
(
BRCM |
Quote |
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PowerRating) +2.5%,
(
INTC |
Quote |
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PowerRating) +2.4%,
(
JNPR |
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PowerRating) +1.7%.
(
ADCT |
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PowerRating) -11%,
(
THQI |
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(
ITMN |
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-7.5%,
(
CEPH |
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PowerRating) -6.6%,
(
CRAY |
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PowerRating) -4%,
(
SNPS |
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PowerRating) -2.2%.