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Novellus (NVLS | Quote | Chart | News | PowerRating) was cut to
underweight from neutral at J.P. Morgan.
Daimler Chrysler (DCX | Quote | Chart | News | PowerRating) will cut 8,000 jobs at its Mercedes unit.
General Motors (GM | Quote | Chart | News | PowerRating) tentatively agreed to a three-year contract with the Canadian Auto Workers, avoiding a strike.
McCormick (MKC | Quote | Chart | News | PowerRating) beat by a penny and reaffirmed the $1.58 - $1.62 consensus.
MedImmune (MEDI | Quote | Chart | News | PowerRating) was raised to overweight at Lehman.
Goldman Sachs said that the gaming stocks are oversold. Stocks include: Las Vegas Sands (LVS | Quote | Chart | News | PowerRating), Harrah's (HET | Quote | Chart | News | PowerRating) and Wynn's (WYNN | Quote | Chart | News | PowerRating).
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