Dividend.com: Morning Playbook

We are hearing of more stock offerings from managements that understand the liquidity window will not stay open forever. Let's take a look at what's moving the market and what areas of the market you should be focused.

M&A:

EMC(EMC Quote): Indicated lower after announcing bid for Data Domain(DDUP Quote). This move is in reaction to Network Appliance's(NTAP Quote) bid for Data Dominion.

Cameron(CAM Quote): Opened slightly lower after announcing a takeover of Natco Group(NTG Quote), an oil-services competitor.

Share Offerings:

Morgan Stanley(MS Quote), American Express(AXP Quote), Express Scripts(ESRX Quote): All three opened lower after the companies announced they would be selling shares.

Story Stocks:

Pepsi Bottling Group(PBG Quote): Raised estimates for second-quarter and full-year 2009 EPS.

Walgreen(WAG Quote): May same-store sales rose 1%.

Upgrades to Watch:

Lockheed Martin(LMT Quote) and General Dynamics(GD Quote): Both stocks were upgraded to outperform at Morgan Keegan.

Bucyrus(BUCY Quote) and Joy Global(JOYG Quote): Both stocks had their target prices raised by Barclay's(BCS Quote).

Intuitive Surgical(ISRG Quote): High beta play upgraded to a buy at Needham. This is going to be a stock to watch for momentum investors today.

Downgrades to Watch:

Bankrate(RATE Quote): Cut to a hold at Citigroup(C Quote).

Juniper Networks(JNPR Quote): Downgraded to neutral at UBS(UBS Quote).

Fast Movers to Watch:

Google(GOOG Quote), Priceline(PCLN Quote), Baidu(BIDU Quote) and Amazon(AMZN Quote): All four of these big-name tech stocks are coming off big days yesterday and will be the gauge for for any continued high-beta strength.