Wachovia Upgraded, Applied Micro Circuits Downgraded

Stocks futures are indicating a lower open on Tuesday, despite more deal news. Medco Health Solutions (NYSE: - ) agreed to acquire PolyMedica (NasdaqGS: - ) for $1.5 billion.

Today's Upgrades:

Three stocks were upgraded to PowerRatings (for Investors) of 10, the highest rating. The top rated stocks have historically done a superior job of identifying stocks which have risen in value over the next 12 months. Among today's list of upgrades is:

Wachovia (NYSE: - ) has a PowerRating (for Investors) of 10, upgraded from 9. The company provides a wide range of commercial and retail banking and trust services through full-service banking offices located in states throughout the Southeast. The company provides various other financial services, including mortgage and investment banking.

Today's Downgrades:

Two stocks were downgraded to an unattractive PowerRating (for Investors) today. Stocks with low PowerRatings (for Investors) have tended to underperform the market over the next 12 months. Among today's list of downgrades is:

Applied Micro Circuits (NasdaqGS: - ) was downgraded to 2, downgraded from 3. The company is in the business of semiconductors and printed circuit board assemblies for the communications and storage markets. It designs, develops, markets and supports integrated circuit products, embedded processors and storage components.

PowerRatings (for Investors) are courtesy of .