Dividend.com: Morning Playbook

There is not much of an indication yet regarding which way things are going to go for the bulk of the trading day. Buyers stepped up a bit late in the day yesterday, but the names that led were defensive in nature. A bit more of a run there and those stocks (PEP, PG, GIS) are going to be quite a bit overdone to the upside short-term. Let's take a look at what is jumping out in the early going.

Story Stocks:

Discover Financial Services(DFS Quote): Shares are lower after the company announces share and note offering.

Goldman Sachs(GS Quote): A touch lower after news the company's proprietary trading code may have been cracked.

Fluor Corp(FLR Quote): Stock is edging higher on news of recent contract wins.

Weyerhaeuser Company(WY Quote): Shares are lower after company cuts dividend payout 80%.

Upgrades to Watch:

3M(MMM Quote): Jefferies initiates stock as a buy.

KeyCorp(KEY Quote): Keefe Bruyette & Woods raises rating to outperform.

Annaly Mortgage(NLY Quote): Barclays Capital starts stock as an outperform.

Anadarko Petroleum(APC Quote): Merrill Lynch/Bank of America raises stock to a buy. $57 price target.

CenturyTel(CTL Quote): UBS raises stock to a buy. $35 price target.

Intel Corp(INTC Quote): Merrill Lynch upgrades stock to a buy.

Marvell Technology(MRVL Quote): Merrill Lynch upgrades stock to a buy.

Steel Dynamics(STLD Quote): Merrill Lynch/Bank of America upgrades stock to a buy. $17 price target.

Dicks Sporting Goods(DKS Quote): Goldman Sachs upgrades stock to a buy. $20 price target.

XL Capital(XL Quote): FBR Capital Markets raises target price to $17.

Nucor(NUE Quote): Goldman Sachs raises estimates. $50 price target.

Kohls(KSS Quote): Goldman Sachs upgrades stock to a buy. $50 price target.