The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Electronics retailer Best Buy
(
BBY |
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PowerRating) beat its second quarter earnings estimates by $0.01, with profits
of $0.19 a share.
Computer hardware giant
International Business Machines
(
IBM |
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PowerRating) had its third quarter
earnings estimates cut by Salomon Smith Barney to $0.99 a share from $1.02 a
share.
Chip maker Microchip
Technology
(
MCHP |
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PowerRating) has raised its second quarter earnings guidance by a
penny to to higher gross margins.
Biotech company Cephalon
(
CEPH |
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PowerRating) has announced that its experimental drug to treat Attention Deficit
Hyperactivity, Provogil, has produced positive study results.
Also in the biotech sector  D&K
Healthcare
(
DKWD |
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PowerRating) has been downgraded by Prudential to “hold” from
“buy” after the company issued a profit warning.