The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Communications service company and Dow component
AT&T Corp.
(
T |
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PowerRating) has been downgraded by Lehman Brothers to “underweight”
from “equal weight”.
Computer hardware maker Hewlett-Packard
(
HPQ |
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PowerRating)
was cited in a Barron’s article as possessing better valuation in comparison to
rival Lexmark.
Home improvement retailer Lowe’s
(
LOW |
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PowerRating)
has beat its third-quarter earnings estimates by $0.03 with profits of $0.43 per
share.
Drug maker Bristol Myers
(
BMY |
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PowerRating) has
received FDA approval for its drug Abilify, which is used to treat schizophrenia.
Software maker Adobe
(
ADBE |
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PowerRating) has been
downgraded by UBS Warburg to “hold” from “buy” based on valuation.