Stocks to Watch, March 19: Nortel Networks, Movie Gallery

Among the companies whose shares are expected to see active trade in Monday's session are Nortel Networks, Movie Gallery Inc. and Cosi Inc.

Cosi Inc. (COSI) is expected to report a fourth-quarter loss of 8 cents a share, according to analysts polled by Thomson Financial.

Linn Energy LLC (LINE) is seen posting a per-share profit of 39 cents for its fourth quarter

Luby's Inc. (LUB) is expected to post per-share earnings of 9 cents in its fiscal second quarter

Movie Gallery Inc. (MOVI) is expected to show a profit of 25 cents a share for its fourth-quarter.

After Friday's closing bell, Nortel Networks (NT) said it narrowed its fourth-quarter loss significantly from a year earlier, when it booked a huge one-time legal charge, as sales rose almost 10 percent.

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Accredited Home Lending (LEND) shares rallied Friday after the company, which has lost about 75 percent of its value since the beginning of the year, announced it's selling virtually all of its $2.7 billion loan portfolio at a substantial discount in order to meet margin calls. While the identity of the buyer of the loans was unclear, three major investment banks this week said they expected to be buyers of loans as pressured lenders were forced to sell at attractive prices.

Standard and Poor's said CVS/Caremark Corp. (CVS) will replace Black & Decker Corp. (BDK) in the S&P 100 and S&P MidCap 400. In addition, Developers Diversified Realty Corp. (DDR) will replace Caremark Rx Inc. (CMX) in the S&P 500, and Wellcare Health Plans (WCG) will replace Developers Diversified in the S&P MidCap 400.

JetBlue (JBLU) on Friday canceled more than 200 flights from a schedule of about 550 departures.

Keane Inc. (KEA) said it has notified the Securities and Exchange that it will not be able to file its Form 10-K for fiscal 2006 on time. The Boston-based business process and information technology services company said the delay was caused by its investigation into its stock option grants and practices, which is not yet complete. Keane shares fell 2 cents to close at $13.58 on Friday.

Landry's Restaurants Inc. (LNY) reported fourth-quarter revenue from continuing operations rose 5.6 percent to $275.7 million from $261.2 million.

Starbucks Corp. (SBUX) will be hosting its shareholder meeting next week, and industry watchers will be looking for reassurance that the coffee-shop operator's growth plans are on track.

Wal-Mart Stores Inc. (WMT) , facing a wall of opposition from the banking industry, Congress and activist groups, said it would withdraw its application to start a specialized bank.

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