Dividend.com: Morning Playbook

The markets opened lower this morning, as FedEx (FDX Quote) came out with some abysmal numbers and guidance. Let's take a look at what traders may want to be monitoring throughout the day.

Story Stocks

FedEx: Stock is lower in the early going after disappointing earnings and guidance.

E*TRADE(ETFC Quote): Company announces a plan for stock and debt offering.

The Scotts Miracle-Gro Company(SMG Quote): Shares are higher on raised profit guidance.

Watson Pharmaceuticals(WPI Quote): Stock is lower on the company's acquisition announcement of Arrow Group for 1.75 Billion.

Adobe Systems Incorporated(ADBE Quote): Shares are lower after company reported earnings last night.

Upgrades to Watch

U.S. Bancorp(USB Quote): Deutsche Bank raises estimates and target price to $21.

Bank of NY Mellon(BK Quote): SunTrust initiates stock with a buy and $38 target.

Kellogg(K Quote): BMO Capital markets raises estimates. $52 price target.

NVidia(NVDA Quote): UBS raises stock to a neutral from a sell. $11.50 price target.

Qualcomm(QCOM Quote): Goldman Sachs upgrades the stock to a "conviction" buy. $53 price target.

State Street Corp(STT Quote): SunTrust initiates stock with a buy rating. $68 price target.

Texas Instruments(TXN Quote): Merrill Lynch/Bank of America raises estimates. $27 target price.

Baidu(BIDU Quote): Goldman Sachs raises target price to $350.

CME Group(CME Quote): Goldman Sachs raises target price to $350.

Nucor(NUE Quote): Credit Suisse raises target price to $55.

Petrobras(PBR Quote): Credit Suisse maintains neutral rating, but raises target price to $38 from $35.

Apache(APA Quote): S&P raises stock to a strong buy.

BHP Billiton(BHP Quote): Macquerie raises stock to an outperform.

Consol Energy(CNX Quote): FBR raises stock target to $57. Maintained as an outperform.