The Stocks Wall Street Is Watching

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

Goldman Sachs has cut its full year 2003 estimates
on U.S. drug wholesalers as it reduces earnings growth forecasts on the sector
to 15% from 20%. Company’s with reduced estimates are Cardinal Health
(
CAH |
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,
Amerisourcebergen
(
ABC |
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, and McKesson Corp.
(
MCK |
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.

Home builders were the subject of negative comments
in a Wall Street Journal article which claimed  the sector may suffer if
yesterday’s Commerce Department report is an indication of weakness to come.
Company’s mentioned were Centex Corp.
(
CTX |
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, DR Horton Inc.
(
DHI |
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,
KB Home
(
KBH |
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, Lennar Corp.
(
LEN |
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, Pulte Home
(
PHM |
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,
and Toll Brothers
(
TOL |
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.

Chip giant Intel Corp.
(
INTC |
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has had
its first-quarter estimates raised by Dan Niles at Lehman Brothers due to
strength in foreign sales. Niles believes the company will also raise its
estimates.

Software company Take-Two Interactive
(
TTWO |
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has been upgraded to RBC Capital’s top pick with a price target of $38.

Retailer Sears
(
S |
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has had its credit
rating cut by S&P to BBB+ from A-.

Pre-market action:


(
ATYT |
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+8%,
(
OATS |
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+7.5%,
(
XOMA |
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+6.5%,
(
IDTI |
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+6%,
(
GSLI |
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+6%,
(
SHPGY |
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+5%,
(
INTC |
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+1.9%.


(
FHRX |
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-64%,
(
NOVL |
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-10.5%,
(
ISCA |
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-8.5%,
(
GPS |
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-5%.