Share Offerings:Morgan Stanley ( MS), American Express ( AXP), Express Scripts ( ESRX): All three opened lower after the companies announced they would be selling shares.
Story Stocks:Pepsi Bottling Group ( PBG): Raised estimates for second-quarter and full-year 2009 EPS. Walgreen ( WAG): May same-store sales rose 1%.
Upgrades to Watch:Lockheed Martin ( LMT) and General Dynamics ( GD): Both stocks were upgraded to outperform at Morgan Keegan. Bucyrus ( BUCY) and Joy Global ( JOYG): Both stocks had their target prices raised by Barclay's ( BCS). Intuitive Surgical ( ISRG): High beta play upgraded to a buy at Needham. This is going to be a stock to watch for momentum investors today.
Downgrades to Watch:Bankrate ( RATE): Cut to a hold at Citigroup ( C). Juniper Networks ( JNPR): Downgraded to neutral at UBS ( UBS).
Fast Movers to Watch:Google ( GOOG), Priceline ( PCLN), Baidu ( BIDU) and Amazon ( AMZN): All four of these big-name tech stocks are coming off big days yesterday and will be the gauge for for any continued high-beta strength.