It looks like a good start to the market day as we enter an options-expiration Friday. Some big stories and plenty of analyst moves to look at as well. Here is what traders may want to put on the radar this morning.
Advance Auto Parts ( AAP) and other auto-parts retailers. Smith & Wesson Holding Corporation ( SWHC): Shares are higher after company beat fourth-quarter estimates. The Blackstone Group L.P. ( BX): Talk of further investment from Chinese government. Del Monte Foods Company ( DLM): Company raised its quarterly dividend payouts 25%.
Walgreen ( WAG): Jefferies raises target to $35. Citigroup ( C): Rochdale Securities analyst Dick Bove raises target price to $4. Baxter ( BAX): Initiated as a buy at Bank of America/Merrill Lynch. IBM Corp ( IBM): Initiated as an outperform at Cowen. Cigna ( CI): Goldman Sachs raises target price to $31. UnitedHealth Group ( UNH): Goldman Sachs raises target price to $30. Aetna ( AET): Goldman Sachs raises target price to $23. Humana ( HUM): Goldman Sachs raises target price to $30. Lots of upgrades once again as Wall Street analysts are hoping to see a rally into quarter-end. I'll be watching the Priceline ( PCLN) and Hartford Financial ( HIG) plays closely to see if it can carry those names and other names in their space higher. That is where the long opportunities may be.
Treasuries ( TLT): Down slightly in the early going, but up a bit for the week. I am watching to see if it can hold these levels. ProShares UltraShort Real Estate ( SRS): Down a touch in the early going, but is up nicely for the week. ProShares UltraShort Financials ( SKF): Down just a bit, but is also up nicely on the week. The SRS and SKF may be good plays going into next week if both plays can hold firm today. Keep your eye on these themes as they may set us up nicely for a trading opportunity. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system.