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.

Story Stocks

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.

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