It looks like buyers are stepping up to the plate in a small way so far today. We have energy data out at 10:30 that will be a key to how the averages move as well. Let's take a look at where the action may be today.
Qualcomm ( QCOM): Morgan Keegan initiates stock with an outperform. Southern Peru Copper ( PCU): Citigroup upgrades stock to a hold from a sell. $22 price target. Vertex Pharmaceuticals ( VRTX): Goldman raises target price to $36.