The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
Insurance company MGIC Investment
(
MTG |
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PowerRating) has
lowered its profit estimates for the third quarter to $1.40 – $1.45 a share from a
consensus of $1.58 a share.
Biotech company Genzyme
(
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PowerRating) has lowered its
profit estimates for the third quarter to $0.26 – $0.28 a share from previous
estimates of $0.31 – $0.33 a share. The company has also lowered its guidance for
the year.
Computer services company Overture Services
(
OVER |
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PowerRating)
has had its third quarter profit outlook boosted by USB Piper Jaffray to $0.22 a
share from previous estimates of $0.17 a share.
Defense contractor General Dynamics
(
GD |
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PowerRating) won
a US Navy contract worth $3.2 billion to build six new AEGIS class destroyers.