Stocks to Watch: Sonic Solutions Rises, Oracle Drops

Winners

Financial services provider First Tennessee National (FTN Quote) was climbing 3% to $39.61 on word that it will replace Compaq (CPQ Quote) in the S&P 500 after Compaq completes its merger with Hewlett-Packard (HWP Quote). First Tennessee is currently a component of the S&P MidCap 400.

Merrill Lynch (MER Quote) Vice Chairman Tom Davis said he is resigning from the company after 25 years, but he said his decision isn't related to the investigation into the firm's research and stock recommendations. The Wall Street Journal first reported that Davis will resign Nov. 1 to pursue "other personal and professional goals." Until then, Davis will continue to work on the company's research policies and practices. Merrill was ticking up 0.2% to $43.01.

Microsoft (MSFT Quote) co-founder Paul Allen has filed with regulators to sell his entire 19.95 million share stake in USA Networks (USAI Quote) for $28.50 a share. USA was gaining 2.2% to $30. ...