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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PowerRating),
Amerisourcebergen
(
ABC |
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PowerRating), and McKesson Corp.
(
MCK |
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PowerRating).
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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PowerRating), DR Horton Inc.
(
DHI |
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PowerRating),
KB Home
(
KBH |
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PowerRating), Lennar Corp.
(
LEN |
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PowerRating), Pulte Home
(
PHM |
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PowerRating),
and Toll Brothers
(
TOL |
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PowerRating).
Chip giant Intel Corp.
(
INTC |
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PowerRating) 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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PowerRating)
has been upgraded to RBC Capital’s top pick with a price target of $38.
Retailer Sears
(
S |
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PowerRating) has had its credit
rating cut by S&P to BBB+ from A-.
Pre-market action:
(
ATYT |
Quote |
Chart |
News |
PowerRating) +8%,
(
OATS |
Quote |
Chart |
News |
PowerRating) +7.5%,
(
XOMA |
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Chart |
News |
PowerRating)
+6.5%,
(
IDTI |
Quote |
Chart |
News |
PowerRating) +6%,
(
GSLI |
Quote |
Chart |
News |
PowerRating) +6%,
(
SHPGY |
Quote |
Chart |
News |
PowerRating) +5%,
(
INTC |
Quote |
Chart |
News |
PowerRating) +1.9%.
(
FHRX |
Quote |
Chart |
News |
PowerRating) -64%,
(
NOVL |
Quote |
Chart |
News |
PowerRating) -10.5%,
(
ISCA |
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Chart |
News |
PowerRating)
-8.5%,
(
GPS |
Quote |
Chart |
News |
PowerRating) -5%.