Dividend.com: Morning Playbook

Downgrades to Watch

Check Point Software(CHKP): JPMorgan cuts stock to a neutral.

Myriad Genetics(MYGN): UBS cuts estimates on this biotech play.

Southern(SO): Merrill Lynch/Bank of America cuts estimates -- $34 price target.

Enterprise Products Partners(EPD): Citigroup cuts stock to a hold -- $26 price target.

Walt Disney(DIS): Barclays Capital(BCS) cuts estimates -- $32 price target.

KB Homes(KBH): UBS cuts estimates on the homebuilder -- $15 price target.

Themes/Plays

Oil(USO): Trading sharply higher in the early going.

Gold(GLD): Also jumping big in the early action.

Treasuries(TLT): Bonds are taking an early hit as interest rise.

I will be keying on the names above and looking for other opportunities that develop. The market will be tricky here as we have key oil data out at 10:30 a.m. EDT and tomorrow's job data overhanging the market. Let's see what trades set up nicely.

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