The Stocks Wall Street Is Watching

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

In the chip business, Novelus
(
NVLS |
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has
met its fourth-quarter earnings expectations with profits of $0.11 per share,
and has guided higher for the first-quarter. The company has been upgraded by
Merrill Lynch to "buy" from "neutral", though has had its estimated cut at UBS
Warburg.

In the retail sector, Prudential has downgraded
Williams Sonoma Inc.

(
WSM |
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PowerRating)
and Bed Bath and Beyond
(
BBY |
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PowerRating)
to
"hold" from "buy".

Prudential has also upgraded oil stocks BP
(
BP |
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,
Chevron Texaco
(
CVX |
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, and Marathon Oil
(
MRO |
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PowerRating)
.

Also in the oil sector, Cooper Cameron
(
CAM |
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News |
PowerRating)

has missed its fourth-quarter earnings estimates by $0.01 with profits of $0.38
per share. The company has also guided lower for the first-quarter.

Education company Career Education Corp.
(
CECO |
Quote |
Chart |
News |
PowerRating)

has been upgraded by CSFB to "outperform" from "neutral" after beating its
fourth-quarter earnings expectations by $0.06 with profits of $0.65 per share.
Also, Corinthian Colleges
(
COCO |
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News |
PowerRating)
has beat its second-quarter
earnings expectations by $0.04 with profits of $0.35 per share. The company has
also guided higher for 2003.

Food processor Kraft Foods
(
KFT |
Quote |
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News |
PowerRating)
has
missed its fourth-quarter earnings expectations by $0.01 with profits of $0.54
per share. The company has also been downgraded by Merrill Lynch to "neutral"
from "buy".

Pre-market action:


(
PLUG |
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+16%,
(
HYGS |
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+11.5%,
(
AVAN |
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+11%,
(
BLDP |
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+6.5%,
(
NVLS |
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+2%,
(
AMAT |
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+1.5%.


(
PHTN |
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-20%,
(
CSGS |
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-10.5%,
(
DCTM |
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-8.5%,
(
ISIL |
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-5%,
(
PMCS |
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-4%,
(
ORCL |
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-1.5%,
(
INTC |
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-1%.