The Stocks Wall Street Is Watching

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

Retail giant Wal-Mart
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said its
December sales rose 9.5 percent to $31.6 billion, while its same store sales
rose 2.3 percent.

Entertainment giant AOL Time Warner
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AOL |
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is being reported by the Washington Post that it will take a $10 billion charge
due to is deteriorating America Online division.

Electronic retailer Best Buy
(
BBY |
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has
raised its fourth-quarter earnings outlook to $1.05-1.10 per share vs. a
consensus of $1.03.

In the retail sector, Michaels Stores
(
MIK |
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has been upgraded by Merrill Lynch to "buy" from "neutral", and Ross Stores
(
ROST |
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has raised its earnings guidance for the fourth-quarter to $0.74 per
share vs. a consensus of $0.72 per share.

In the pharmaceutical business, Shire
Pharmaceuticals

(
SHPGY |
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has been downgraded by Merrill Lynch to
"neutral" from "buy".

Pre-market action:


(
FDRY |
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+15%,
(
HELE |
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+11%,
(
ANF |
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+11%,
(
BBY |
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+8%,
(
SAP |
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+5.5%,
(
GERN |
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+10%,
(
VECO |
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+9.5%.


(
USTR |
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-19.5%,
(
WTSLA |
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-18.5%,
(
CPWR |
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-8%,
(
SHPGY |
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8%,
(
CHRS |
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-7%,
(
TOO |
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-5.5%,
(
PSS |
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-4%,
(
THC |
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-3.5%.