S&P Picks and Pans: Bank of America, Wachovia, AMD, Fred's, Ryder

S&P DOWNGRADES OPINION ON SHARES OF BANK OF AMERICA TO HOLD FROM BUY (BAC; 32.22): BAC preannounces third quarter operating results of $0.15, vs. $0.82, $0.52 below our estimate. BAC also announces a capital raise of $10...