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.
Amgen ( AMGN): Biotech giant is flying higher this morning (up 15%) on positive drug news. Pepsi Bottling Group ( PBG): shares are lower following earnings results. Google ( GOOG): Stock is higher on news it will develop operating system to compete with Microsoft ( MSFT). Family Dollar Stores ( FDO): Shares are nearly 6% higher after company guided estimates higher. NRG Energy, Inc. ( NRG): Shares are higher after company raises outlook and also rejects unsolicited offer from Exelon ( EXC). PACCAR Inc. ( PCAR): Shares are lower following company cutting dividend in half. Tractor Supply Company ( TSCO): Stock is higher after company raises guidance.
Upgrades to Watch
First Solar ( FSLR): ThinkEquity upgrades stock to a buy. Air Products ( APD): KeyBanc raises stock to a buy. $80 price target. SAP AG ( SAP): Jefferies raises stock to a buy. Amdocs Limited ( DOX): Goldman raises stock target price to $24. Peabody Energy ( BTU): Goldman upgrades stock to a buy. $45 target price. Cigna ( CI): UBS raises target price to $29. Dryships ( DRYS): Credit Suisse upgrades stock to outperform. $8 target price. DreamWorks ( DWA): Thomas Weisel initiates stock with an overweight rating. $35 price target. XL Capital ( XL): Credit Suisse upgrades stock to an outperform. $18 price target. Research in Motion ( RIMM): Calyon Securities initiates stock with a buy rating. $85 price target. Freeport McMoran ( FCX): Citigroup upgrades stock to a buy. $58 price target.