Dividend.com: Morning Playbook

The market is looking fairly flat one day before options expiration. We tend to see exaggerated moves in stocks that may have been in the news, especially on the earnings side. Be aware of that as we get ready for Research In Motion's(RIMM Quote) earnings report tonight. Let's take a look at today's stocks to watch in the morning playbook.

Story Stocks:

J.M. Smucker (SJM Quote): The stock is looking good in the early going after reporting solid results and raising guidance.

AutoZone(AZO Quote): Auto-parts retailers says board approved a $500 million share buyback.

Discover Financial Services(DFS Quote): The stock is looking higher after reporting second-quarter results.

SLM(SLM Quote): Shares are higher after the company was awarded the U.S. Department of Education Student Loan Servicing contract.

Winnebago Industries(WGO Quote): The stock is slightly higher after reporting a small third-quarter loss.

Hewlett-Packard(HPQ Quote): Computer-maker signs long-term deal with Alcatel-Lucent(ALU Quote) to market services and products.

Upgrades to Watch:

Arvin Meritor(ARM Quote): upgraded to a buy at Goldman Sachs(GS Quote).

Lincoln National(LNC Quote): Credit Suisse(CS Quote) raises target price to $24 from $21.

Abercrombie & Fitch(ANF Quote):Goldman raises target to $27 after company announced elimination of Ruehl brand.

FedEx(FDX Quote): Raised to a buy at Jesup & Lamont(JLI Quote) with a $63 price target.

Hewitt Associates(HEW Quote): JPMorgan Chase(JPM Quote) upgrades stock to a neutral from underweight -- $32 price target.

Hertz(HTZ Quote): Wachovia upgrades stock to an outperform from a market perform.

Amgen(AMGN Quote): Morgan Stanley(MS Quote) raises estimates.

Marvell Technology(MRVL Quote): Morgan Stanley increases estimates and price target to $16.

Nike(NKE Quote): Credit Suisse increases target to $65 from $60.

Walgreens(WAG Quote): Credit Suisse raises target to $38 from $32.

Verizon(VZ Quote): Pali Research initiates stock with a buy and a $39 price target.