The market is off to a slightly positive start. There is little in the way of story stocks today, as earnings season has slowed down quite a bit. The big moves will likely be triggered initially from the analyst calls I have posted below. Let's take a look at some of them.

Story Stocks

Procter & Gamble

(PG) - Get Report

: Selling pharma division to Warner Chilcott.

Upgrades to Watch

Arch Coal

(ACI)

: JPMorgan raises stock to an overweight.

Dick's Sporting Goods

(DKS) - Get Report

: Morgan Stanley raises estimates.

Owens-Illinois

(OI) - Get Report

: Barclays Capital raises estimates. $21 price target.

Black & Decker

(BDK)

: Credit Suisse raises price target to $45.

Parexel

(PRXL)

: Barclays Capital raises stock to an overweight. $17 price target.

Microsemi

(MSCC)

: Thomas Weisel raises stock to an overweight.

Brocade Communications

(BRCD)

: Argus Research raises stock to a buy.

Capital One Financial

(COF) - Get Report

: Barclays Capital raises stock to an overweight. $50 price target.

Royal Caribbean

(RCL) - Get Report

: Argus Research raises stock to a buy.

Zimmer Holdings

(ZMH)

: Thomas Weisel raises stock to an overweight. $57 price target.

Cummins Inc.

(CMI) - Get Report

: Barclays Capital raises estimates. $52 price target.

Cheesecake Factory

(CAKE) - Get Report

: Piper Jaffray raises stock to a neutral. $18 price target.

Ashland

(ASH) - Get Report

: KeyBanc raises stock to a buy.

Discover Financial Services

(DFS) - Get Report

: Barclays Capital raises stock to an overweight. $16 price target.

Limited Brands

(LTD)

: Morgan Stanley raises estimates.

Hibbett Sports, Inc.

(HIBB) - Get Report

: JPMorgan raises stock to an overweight.

American Express

(AXP) - Get Report

: Barclays Capital raises stock to an overweight. $38 price target.

Downgrades to Watch

Kansas City Southern

(KSU) - Get Report

: UBS cuts stock to a hold. $25 price target.

Nike

(NKE) - Get Report

: UBS cuts estimates. $54 price target.

Cree

(CREE) - Get Report

: Kaufman Bros. cuts stock to a hold. $36 price target.

Toll Brothers

(TOL) - Get Report

: Citigroup cuts stock to a hold.

Nokia

(NOK) - Get Report

: Deutsche Bank cuts stock to a hold.

Pharmaceutical Product Development, Inc.

(PPDI)

: Barclays Capital cuts stock to an equalweight. $22 price target.

Other Key Indices to Watch

Oil

(USO) - Get Report

: Oil prices are up-ticking early on.

Gold

(GLD) - Get Report

: Gold prices are slightly lower at the start.

Treasuries

(TLT) - Get Report

: Bond prices are slightly lower as we start the new week.

What's the Trade?

The opening of trading in a new week can be as unpredictable as playing the earnings game. I am usually inclined to see how the first hour shapes up, if there are no major indications. I am continuing to key on two names that I mentioned on Friday,

First Solar

(FSLR) - Get Report

as a gauge for shorting, and

Priceline

(PCLN)

as a gauge for longs.

At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.