Dividend.com: Midday Update - TheStreet

So far so good, as we start the third quarter. Let's see where the action is for traders.

Bullish

Earnings Winners

:

Constellation Brands

(STZ) - Get Report

and

General Mills

(GIS) - Get Report

are enjoying a pop from their results.

Analyst Upgrade Winners

:

Marvel Entertainment

(MVL)

,

Symantec

(SYMC) - Get Report

,

Microsoft

(MSFT) - Get Report

,

IAC/Interactive

(IACI)

,

TRW Automotive

(TRW)

,

Yum! Brands

(YUM) - Get Report

,

C.H. Robinson Worldwide

(CHRW) - Get Report

,

Priceline

(PCLN)

,

Intel Corp

(INTC) - Get Report

and

Aeropostale

(ARO)

are seeing the biggest pop from this morning's analyst calls.

Commodity Plays

: Select names are doing well, such as

Walter Industries

(WLT)

,

Freeport McMoran

(FCX) - Get Report

and

BHP Billiton

(BHP) - Get Report

.

Transports

:

FedEx

(FDX) - Get Report

and

Continental Airlines

(CAL) - Get Report

trading higher so far today.

Consumer/Non-Cyclical

:

Kraft

(KFT)

,

Pepsico

(PEP) - Get Report

and

Procter & Gamble

(PG) - Get Report

getting a pop following General Mills earnings report.

High-Beta Small Cap

:

Changeyou.com

(CYOU) - Get Report

,

Fuqui International

(FUQI)

,

VistaPrint

(VPRT)

and

Perfect World

(PWRD)

are all spiking higher.

Bearish

Myriad Genetics

(MYGN) - Get Report

: Stock is down 26% after company warns on revenue forecast.

Credit Card/Financials

: Stocks like

Visa

(V) - Get Report

,

Blackrock

(BLK) - Get Report

and other financial plays are not participating too much in this morning's euphoria.

Exchange Plays

:

CME Group

(CME) - Get Report

and

Intercontinental Exchange

(ICE) - Get Report

are also non-factors.

First Solar

(FSLR) - Get Report

: Stock may be a good short candidate if the market reverses gains from this morning. Stock is now down $5 as we speak.

Gold

(GLD) - Get Report

is doing a good job holding this morning's gains, but

Oil

(USO) - Get Report

has seen the opposite occur with this morning's pop failing to hold and prices are now lower.

Treasuries

(TLT) - Get Report

are also lower, but have seemed to hold the intraday lows pretty well so far. Fund managers are putting whatever cash they have on hand back into the momentum plays that we mentioned above.

We have the key monthly jobs data out tomorrow morning, so I wouldn't make too many aggressive bets today in front of that release. I would watch the transport plays and this morning's upgrades for any sign they may showing some weakness, as a cue to taking a small taste of FSLR on the short side.

We may start to see some extra volatility with traders beginning to head out to the exits a bit early in front of the 3-day holiday weekend.

Be sure to visit our complete

recommended list of the Best Dividend Stocks

as well as a

detailed explanation of our ratings system

.

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.