The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Gaming stocks look to be under
pressure at the open as Mandalay Resorts
(
MBG |
Quote |
Chart |
News |
PowerRating) lowers its
fourth-quarter earnings expectations to $0.10 vs. previous estimates of $0.20,
and MGM Mirage
(
MGG |
Quote |
Chart |
News |
PowerRating) lowers its fourth-quarter expectations to
$0.24-$0.27 vs. a consensus of $0.44.
In the gold mining sector, CIBC
World Markets has downgraded AngloGold
(
AU |
Quote |
Chart |
News |
PowerRating) and Gold Fields
(
GFI |
Quote |
Chart |
News |
PowerRating)
to "sector underperform" from "sector perform" due to an 18% decline in the Rand
over the past three months. The firm maintains a 2003 target for the price of
gold at $350/oz, and has a 2004 target at $375/oz.
Bomb detection company
Invision has raised its fourth-quarter revenue forecast to at least $210
million vs. previous estimates of $160 million.
In the software sector,
VeriSign
(
VRSN |
Quote |
Chart |
News |
PowerRating) has been upgraded by USB Piper Jaffray to "outperform"
from "market perform". Also, SAP AG
(
SAP |
Quote |
Chart |
News |
PowerRating) has been upgraded by JP Morgan to
"overweight" from "neutral."
Regional Bells are looking to
open lower on the heels of UBS Warburg downgrades to "reduce" from "hold" on
Bell South
(
BLS |
Quote |
Chart |
News |
PowerRating), Alltel
(
AT |
Quote |
Chart |
News |
PowerRating), SBC Communication
(
SBC |
Quote |
Chart |
News |
PowerRating),
and Verizon
(
VZ |
Quote |
Chart |
News |
PowerRating).
Investment bank JP Morgan
(
JPM |
Quote |
Chart |
News |
PowerRating) has been downgraded by UBS Warburg to "hold" from "buy".
Pre-market action:
(
DISK |
Quote |
Chart |
News |
PowerRating) +22.5%,
(
MENT |
Quote |
Chart |
News |
PowerRating)
+11.5%,
(
MVL |
Quote |
Chart |
News |
PowerRating) +10.5%,
(
INVN |
Quote |
Chart |
News |
PowerRating) +7%,
(
VRSN |
Quote |
Chart |
News |
PowerRating) +4.8%,
(
UTSI |
Quote |
Chart |
News |
PowerRating) +1.4%,
(
LEN |
Quote |
Chart |
News |
PowerRating) +1.3%.
(
PMRY |
Quote |
Chart |
News |
PowerRating) -19%,
(
CNMD |
Quote |
Chart |
News |
PowerRating)
-18%,
(
MGG |
Quote |
Chart |
News |
PowerRating) -14%
(
TOPP |
Quote |
Chart |
News |
PowerRating) -14%,
(
MBG |
Quote |
Chart |
News |
PowerRating) -10.5%,
(
JPM |
Quote |
Chart |
News |
PowerRating) -3%,
(
VZ |
Quote |
Chart |
News |
PowerRating)
-2.9%,
(
WTSLA |
Quote |
Chart |
News |
PowerRating) -1.2%.