Stocks to Watch: Morgan Stanley, General Motors
NEW YORK (TheStreet) -- The credit ratings of Morgan Stanley (MS) , UBS(UBS) and Credit Suisse (CS) could be cut three notches by Moody's because of the risks associated with the eurozone debt crisis.
Moody's is reviewing the long-term ratings of 17 global and 114 European financial institutions. The ratings agency said the "guidance is indicative only."
General Motors(GM) is expected by analysts Thursday to earn 41 cents a share in the fourth quarter, down from profit of 52 cents a year earlier.
Problems in Europe for automakers are being overshadowed by continuing gains in the U.S., but GM's European losses and its response to them are expected to shape the market's reception to GM's fourth-quarter report.
NetApp(NTAP) , the data storage software company, posted in-line results for its fiscal third quarter and provided a fourth-quarter outlook that sits within analysts' ranges.
NetApp reported non-GAAP profit of $216 million, or 58 cents a share, for quarter ended in January on revenue of $1.57 billion, matching analysts' estimates.
For its fiscal fourth quarter ending in April, NetApp said it expects non-GAAP earnings of 60 cents to 65 cents a share on revenue ranging from $1.65 billion to $1.73 billion. Analysts forecast profit of 63 cents a share on revenue of $1.68 billion.
Nvidia(NVDA) , the graphics chipmaker, forecast revenue of $900 million to $930 million for its fiscal first quarter ending in April. Analysts were expecting sales of $944.6 million.
DirecTV(DTV) , the satellite TV company, is expected by analysts Thursday to post fourth-quarter earnings of 92 cents a share on revenue o $7.41 billion.
Nordstrom(JWN) , the retailer, is expected by analysts to earn $1.09 a share in the fourth quarter on sales of $3.17 billion.
-- Written by Joseph Woelfel
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