(By Mayur Pahilajani - iStockAnalyst Writer)

New York, NY - The financial crisis and deepening credit crunch is affecting global stocks as the companies prepare for next year by raising capital and assess the long-term risks.

Abb Ltd (NYSE: ABB):

Swiss engineering company ABB Ltd (ABB) announced that it missed the expectations on third quarter forecast despite a rise of 26 percent in its profit in the quarter. The firm said Thursday that its net income was up to $927 million from $738 million during the July to September period of 2007. Earnings per share increased to $0.41 from $0.31. The market analysts were expecting the firm to post profit of $973 million in the quarter. Revenue increased by 22 percent to $8.79 billion during the quarter period from $7.19 billion a year earlier. Shares of the firm were trading down by 68 cents or 5.91 percent to $10.83, after hitting a new 52-week low of $10.64 from the previous low of $10.94.

America Movil Sab De Cv (NYSE: AMX):

Shares of America Movil were trading down On Friday by $1.93 or 7.19 percent to $24.90, after hitting a new 52-week low of $23.18 from the previous low of $25.69. The firm has traded as high as $67.50 and has P/E Ratio of 8.34. The stock, which is heaviest weighted stock on the Mexican index, had tumbled after rising financial concerns of economies sinking into recession.






Unibanco-Uniao de Bancos Brasileiros SA (NYSE: UBB):

Brazil's biggest lender has lost substantial value so far this year but the market analysts still expect the stock to perform well amid rising credit crunch. Some analysts had the stock on "Buy" rating early this month. Shares of the lender were slipping by $8.63 or 16.81 percent to $42.70, after hitting a new 52-week low of $40.87 from the previous low of $46.18. The firm has traded as high as $161.25 in the last 52-weeks and has P/E Ratio of 7.02.






Suntech Power Holdings Co. Ltd. (NYSE: STP):

Suntech is expected to announce its third quarter 2008 financial results on November 20. On Friday, the leading photovoltaic (PV) module manufacturer said it has joined The Climate Group, a global, independent organization dedicated to accelerating action on climate change. On Oct. 22, Collins Stewart downgraded the company from "Buy" to "Hold" rating, citing an increase in borrowing costs for solar projects due to Euro weakness and the credit crisis. Shares of the solar energy company was trading down by 73 cents or 4.67 percent to $14.90, after hitting a new 52-week low of $13.58 from the previous low of $15.55.