TradingMarkets’ 10 Stocks You Need To Know About Today
Market Movers
In its mid-quarter
update, Intel (INTC)
announced Q4 revenue will be much higher than expected; analysts were looking
for $8.97 billion but now the company says it expects Q4 sales to be in the
$9.3-$9.5 billion range. Margins are expected to be in-line with expectations.
The stock is trading up.
Semiconductor HOLDRs
(
SMH |
Quote |
Chart |
News |
PowerRating) will be in play after the Intel news.
The New York Times said that IBM may be putting its PC business
up for sale–worth potentially $2 billion.
American Greetings
(
AM |
Quote |
Chart |
News |
PowerRating) will cut 300 jobs to reduce costs.
Biomira
(
BIOM |
Quote |
Chart |
News |
PowerRating) said Phase II trials of its lung cancer drug were
encouraging.
Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating) was downgraded at Wachovia to market perform from
outperform.
BJ’s Wholesale, Target and Costco were cut to sell at
Lazard.
Ann Taylor
(
ANN |
Quote |
Chart |
News |
PowerRating) was downgraded at Merrill, JP Morgan and Deutsche
Bank.