It will be quite an interesting day today after seeing the fund managers scamper after winners yesterday with a big buying frenzy. Lots of earnings out today that may impact today's move as well as a warning by a leading fertilizer play. Let's take a look at what traders may want to be watching today.
Palm ( PALM): Shares are hitting new 52-week highs following better than expected fourth quarter results. Micron Technology ( MU): Stock is slightly lower after third quarter loss. CACI International ( CACI): Up slightly after raising earning guidance. Accenture ( ACN): Shares are up after beating third quarter estimates. Shaw Communications ( SJR): Shares are up following third-quarter results. Potash ( POT): Shares are lower after the fertilizer giant cut second-quarter forecast. KB Home ( KBH): Shares are trading flat after homebuilder reported second-quarter results. The Finish Line ( FINL): Shares lower after first-quarter loss. Boeing ( BA): Another drop for the plane manufacturing giant following an order cancellation from Qantas.
Upgrades to Watch:
UBS ( UBS): Upgraded to an outperform at Credit Suisse. Illinois Tool Works ( ITW): Wachovia upgrades stock to an outperform. Raises estimates. Eaton ( ETN): Citigroup initiates stock with a buy. $50 price target. Deere ( DE): Citigroup initiates stock with a buy. $52 price target. Cummins Engine ( CMI): Citigroup initiates stock with a buy. $40 price target. NYSE Euronext ( NYX): Barclays Capital raises estimates and stock price target to $37. Navistar ( NAV): Wachovia raises stock to an outperform. F5 Networks ( FFIV): Oppenheimer raises stock price target to $38. Polaris ( PII): RBC raises stock to an outperform. $37 price target. Allstate ( ALL): FBR raises target price to $40.