Dividend.com: Morning Playbook

The futures are rising on news that CIT Group(CIT Quote) is negotiating a rescue package. I am not sure if the market was all that worried about this potential bankruptcy considering how well the markets traded last week, and the news of a potential CIT bankruptcy was apparent before the markets closed for trading on Friday. Let's take a look at where the action is today.

Story Stocks

Weatherford(WFT Quote): Stock is lower after posting second-quarter results.

Eaton(ETN Quote): Stock is higher despite lowering 2009 profit outlook.

Halliburton(HAL Quote): Shares are higher following second-quarter report.

Johnson Controls(JCI Quote): Stock is higher despite third-quarter profits falling 63%.

Hasbro(HAS Quote): Stock is higher after beating second-quarter estimates.

M&T Bank(MTB Quote): Shares run higher after second-quarter results.

Entergy(ETR Quote): Shares are flat after warning about 2009 full-year profits.

Human Genome Sciences(HGSI Quote): Stock has more than doubled today on positive lupus drug news.

Upgrades to Watch

Cisco Systems(CSCO Quote): Credit Suisse(CS Quote) upgrades stock to an outperform; $25 price target.

Allergan(AGN Quote): Citigroup(C Quote) upgrades stock to a buy; $57 price target.

Caterpillar(CAT Quote): Merrill Lynch/Bank of America(BAC Quote) upgrades stock to a buy; $45 price target.

American Campus Communities(ACC Quote): Bank of America/Merrill Lynch restarts coverage with a buy; $26 price target.

Peabody Energy(BTU Quote): FBR(FBCM Quote) upgrades stock to an outperform; $44 price target.

Elan(ELN Quote): UBS(UBS Quote) raises stock to a buy.

Danaher(DHR Quote): Morgan Stanley(MS Quote) upgrades stock to outperform; $73 price target.

W.W. Grainger(GWW Quote): Morgan Stanley upgrades stock to equal-weight; $85 price target.

FMC Technologies(FTI Quote): JPMorgan Chase(JPM Quote) upgrades stock to neutral; $48 price target.

McGraw-Hill(MHP Quote): Barclays Capital raises estimates and price target to $38.