The Stocks Wall Street Is Watching

The following stocks may be impacted due to significant news as noted:

Communications equipment maker LM Ericsson (ERICY | Quote | Chart | News | PowerRating) has missed its first-quarter earnings by $0.11 with profits of $0.33 per share. The company also announced plans for lay offs and reduced operating expenses.

Aerospace and defense company Northrop Grumman (NOC | Quote | Chart | News | PowerRating) has beat its first-quarter earnings expectations by $0.23 with profits of $0.77 per share. Also in the sector, General Dynamics (GD | Quote | Chart | News | PowerRating) has been downgraded by UBS to "neutral" from "buy".

Plastics and rubber company DuPont (DD | Quote | Chart | News | PowerRating) has beat its first-quarter earnings by $0.07 with profits of $0.61 per share.

Financial services company Countrywide Credit (CFC | Quote | Chart | News | PowerRating) has beat its first-quarter earnings estimates by $0.36 with profits of $2.44. The company has also raised its earnings guidance.

Retailer Dollar Tree (DLTR | Quote | Chart | News | PowerRating) has been upgraded by Merrill Lynch to "buy" from "neutral".

Pre-market action:

(ERICY | Quote | Chart | News | PowerRating) +20.5%, (ROHN | Quote | Chart | News | PowerRating) +19%, (NTES | Quote | Chart | News | PowerRating) +6.5%, (INTU | Quote | Chart | News | PowerRating) +5%, (ASML | Quote | Chart | News | PowerRating) +4%, (DLTR | Quote | Chart | News | PowerRating) +3.5%, (AMAT | Quote | Chart | News | PowerRating) +3.4%, (MTON | Quote | Chart | News | PowerRating) +2.8%, (NVDA | Quote | Chart | News | PowerRating) +2%, (NXTL | Quote | Chart | News | PowerRating) +1.8%.

(OSTK | Quote | Chart | News | PowerRating) -8%, (MGAM | Quote | Chart | News | PowerRating) -6%, (SANG | Quote | Chart | News | PowerRating) -4.8%, (NSCN | Quote | Chart | News | PowerRating) -3%, (ALTR | Quote | Chart | News | PowerRating) -2%.