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.

Story Stocks

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.

Intercontinental Exchange ( ICE): Barclays raises price target to $117.

Express Scripts ( ESRX): Merrill Lynch/Bank of America raises target price to $80.

Activision Blizzard ( ATVI): Goldman Sachs raises target price to $16.

Downgrades to Watch:

Nike ( NKE): Argus cuts stock to a hold from buy.

Vale ( VALE): Barclays Capital cuts estimates. $21 price target.

Paychex ( PAYX): Goldman Sachs cuts price target to $22.

Gilead Sciences ( GILD): Goldman Sachs cuts target price to $50.

Nasdaq ( NDAQ): Barclays Capital cuts estimates. Maintains overweight rating, $27 target price.

Summary

Oil ( USO) is looking lower in the early going, but Gold ( GLD) and Treasuries ( TLT) appear to be holding in the positive. We may have a bit more buying from some last-minute fund managers, but we are still leaning toward using the rally as a selling opportunity for traders to dump the losers and lock in some nice gains. I will be keeping an eye on some opportunities as they appear. The reaction to Potash will be one of the key things I will be watching, among others. I'll be back with more.

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.

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