Just to recap, here are a few of the major stocks of interest that have
issued warnings since yesterday's regular-hours session (and in some cases
already been downgraded -- the rest certainly WILL be, soon) -- followed
by an overall summary, which includes these and others as well...
NXTV, BWEB, SAPE, KEYN and CMTN
======================
(REUTERS) HEADLINE STOCKS - U.S. stocks to watch on Jan. 5
HEADLINE STOCKS - U.S. stocks to watch on Jan. 5
NEW YORK, Jan 5 (Reuters) - U.S. issues to watch:
-- Major credit rating agencies Fitch Inc. and Standard &
Poor's on Thursday after the market closed downgraded the debt
of utilities -- Pacific Gas and Electric Co. and Southern
California Edison (SCE).
Shares of the parent companies of two utilities -- PG&E
Corp. <PCG.N> and Edison International <EIX.N> -- had
nose-dived Thursday on the New York Stock Exchange. PG&E ended
at $12, while Edison International closed at $10-3/4.
-- Communications equipment maker Next Level Communications
Inc. <NXTV.O> on Thursday after the market closed cut its
growth outlook through 2001 due to lower sales to Qwest
Communications International Inc. <Q.N> and
slower-than-expected customer development in Korea. Its shares
closed at $10-13/16 on the Nasdaq.
-- Gourmet coffee chain Starbucks Corp. <SBUX.O> said on
Thursday after the market closed that sales at company-operated
stores open at least one year rose 8 percent for the five weeks
ended Dec. 31 compared with the year-ago period. Its stock
ended at $41-1/8 on the Nasdaq.
-- Communications company Copper Mountain Networks, Inc.
<CMTN.O> on Friday before the market opened said its quarterly
revenue will be lower than expected because of weakness in the
competitive local exchange carrier customer base. Copper
Mountain closed at $4-3/4 on the Nasdaq.
-- InterTAN, Inc. <ITN.N> <ITA.TO>, which operates retail
stores in Canada and Australia under the Radio Shack and Tandy
names, on Friday before the market opened said its quarterly
earnings would miss Wall Street forecasts because of rising
expenses. The company closed at $11-11/16 on the New York Stock
Exchange.
-- Software giant Microsoft Corp <MSFT.O> will unveil the
first demonstration of its new Xbox video-game console's
technology on Saturday at a Las Vegas electronics conference,
the Wall Street Journal reported on Friday. Microsoft closed at
$48-7/16 on the Nasdaq.
-- The immediate future of Lockheed Martin Corp's <LMT.N>
planned F-22 jet fighter is in doubt after a senior Pentagon
official recommended delaying initial production for as long as
a year, the Wall Street Journal reported on Friday. Lockheed
closed at $33.40 on the New York Stock Exchange.
-- The ailing Internet toy store eToys Inc <ETYS.O>
Thursday after the market closed said it would slash 70 percent
of its staff and close two warehouses following a dismal
Christmas season that diminished its hopes for making money any
time soon. Its stock closed at 5/32 on the Nasdaq.
-- E-services consultancy Sapient <SAPE.O> warned on
Thursday after the market closed that its quarterly earnings
per share was 16 percent short of Wall Street consensus
forecast. Sapient closed at $15-1/16 on Nasdaq.
-- Telecommunications- equipment maker Brooktrout Inc.
<BRKT.O> said Thursday it expects fourth-quarter earnings and
profits to miss expectations due to a general slowdown in its
core market. Brooktrout closed at $10-7/8 on Nasdaq.
-- Semiconductor product maker Semtech Corp. <SMTC.O>,
citing customer adjustments of inventory levels, said on
Thursday after the market closed that quarterly revenue is
expected to be flat compared with the third quarter. Its stock
closed at $22-3/16 on the Nasdaq.
-- Grocery store operator Delhaize America Inc. <DZA.N>
<DZB.N>, which controls Food Lion and Hannaford Bros., said
Thursday after the market closed its quarterly sales were more
than 32 percent higher than a year earlier. Delhaize America
closed at $17-5/8 on the New York Stock Exchange.
-- Adhesive products maker Avery Dennison Corp. <AVY.N>
warned on Thursday after the market closed that fourth-quarter
revenues will fall short of expectations due to sluggish
economic conditions in North America. Its stock ended at
$56-1/16 on the New York Stock Exchange.
-- Guidant Corp. <GDT.N>, a maker of medical devices, said
on Thursday after the market closed it expects quarterly
revenues below expectations, which could cut earnings per share
by 2 or 3 cents. Its stock ended at $51-5/16 on the New York
Stock Exchange. |
