Weaker Opening As Fears of Recession Loom
Stocks appeared set to open lower
Friday, the day after Thanksgiving.
The markets will close at 1:00 p.m. ET
today.
Robertson Stephens forecasts that
Medtronic’s
(
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PowerRating) results will be in line with estimates. MDT is scheduled
to report earnings on Nov. 27.
IVAX’s
(
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PowerRating) generic version of
Glucophage, which is produced by Bristol Myers
(
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the FDA.
Credit Suisse First Boston feels that
Enron
(
ENE |
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PowerRating) shares are undervalued, despite all the problems the company
faces.