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%.
Story StocksResearch in Motion ( RIMM): Stock is trying to bounce back after dipping after-hours last night following the company's earnings release. E TRADE Financial Corporation ( ETFC): Shares are lower after pricing huge share offering. Wyndham Worldwide Corporation ( WYN): Shares are higher after company reaffirms estimates. CFO is leaving as well. CarMax ( KMX): Shares are higher after company reported first-quarter results. May help lift shares of Autozone ( AZO),
Upgrades to WatchHartford Financial Group ( HIG): Upgraded at Deutsche Bank. Carnival ( CCL): Upgraded to equal weight at Barclays. $26 price target. Fidelity National Financial ( FNF): Upgraded to an outperform at RBC, but price target was lowered to $16. Microsoft ( MSFT): Upgraded to "conviction" buy at Goldman Sachs. $29 price target. Priceline ( PCLN): Initiated with a buy at Kaufman Bros. $145 price target. Discover Financial Services ( DFS): Barclays raises estimates following company's earnings call. $10 price target. Garmin ( GRMN): Barclays raises estimates for next year. Hershey ( HSY): Citigroup raises estimates. $43 price target. Jabil Circuit ( JBL): Deutsche Bank raises estimates. $8 price target. Company reports next week. Lorillard ( LO): Goldman Sachs raises target price to $80. Surprising call considering recent FDA ruling. Motorola ( MOT): JP Morgan increases price target to $9. Company has been a non-factor in the latest gadget wars.
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.
Downgrades to WatchRF Micro Devices ( RFMD): Cut to a neutral at UBS. VMWare ( VMW): Goldman Sachs cuts stock to a neutral. Lowers target price to $29. Great Plains Energy ( GXP): Barclays Capital lowers estimates. Sets $18 price target. Baidu ( BIDU): HSBC cuts rating to an underperform. $244 price target. I will be watching Baidu closely on the downgrade. I have been anticipating a bounce in some of the China-related plays. I would consider Shanda ( SNDA) as a long play if the stock can hold its opening print price and begin to move up. The stock is down $10 from last week. Good potential for a bounce.
Themes/PlaysGold ( GLD): Is up slightly in the early going and is slightly down on the week. Oil ( USO): Similar to Gold, up early and down a touch for the week.
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.