The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Chip giant Intel
(
INTC |
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PowerRating) announced at its
mid-quarter update that it expects revenue to come in below previous
expectations. Much optimism was built into this announcement after Lehman
Brothers’ Dan Niles spoke positively of the company, and the stock is down
sharply in the pre-market.
Mobile phone company Nokia
(
NOK |
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PowerRating) has been
upgraded by JP Morgan to "overweight" from "neutral", though does not expect the
company to give a positive update on March 11.
Aerospace and defense company Boeing Co.
(
BA |
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News |
PowerRating)
is down in the pre-market after after CEO Phil Condit said it may acquire
European defense company BAE Systems.
Casino company Mandalay Resort Group
(
MBG |
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Chart |
News |
PowerRating)
has beat its fourth-quarter earnings by $0.02 with profits of $0.15 per share.
Drug maker GlaxoSmithKline
(
GSK |
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News |
PowerRating) has
received approval from the EU for drug Levitra, a rival of Viagra.
In the biotech sector Gilead Sciences
(
GILD |
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Chart |
News |
PowerRating)
has had its estimates raised by JP Morgan who names the company as their top
pick in the sector.
Pre-market action:
MTRX +4.6%, TIVO +4%.
UTSI -7.6%, INTC -4.8%, RIMM -4.5%, NOK -2.5%, AMAT
-2%.