TradingMarkets’ 13 Stocks You Need To Know About Today

Market Movers

Freddie Mac
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FRE |
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posted 2004 net income that was off 40%.

Biogen Idec
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BIIB |
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and Elan
(
ELN |
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will be in focus
after a third patient contracted an often fatal infection linked to the MS drug,
Tysabri. Two patients have died from this previously. Both stocks are trading
lower pre-open.

Ruby Tuesday
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RI |
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cut its Q4 earnings forecast.

Western Digital
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WDC |
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raised its Q3 targets; the stock is trading
higher pre-open as are competitors Seagate
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STX |
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and Maxtor
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MXO |
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.

The FDA said that Forest Labs’
(
FRX |
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Lexapro was not approvable
for social anxiety disorder.

Johnson & Johnson
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JNJ |
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, Biomet
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BMET |
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and Stryker
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SYK |
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will be in focus as the Justice Department begins an investigation of
orthopdedic companies

S&P cut American International Group’s
(
AIG |
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debt ratings to AA+
from AAA and said they may cut them again, saying accounting errors raise
questions about the management’s integrity. Bank of America reiterated its ‘buy’
rating.

Yum Brands
(
YUM |
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downgraded at CSFB, to neutral.