The market is seeing a bit of follow-through from yesterday's late-day buying action. Let's take a look at where we see the big movers heading today.

Story Stocks

3Com Corporation ( COMS): Stock is slightly lower after reporting earnings.

Alcoa ( AA): Shares are up after aluminum giant reports results.

Walgreen Company ( WAG): Up slightly after raising dividend.

Aeropostale ( ARO): Stock up on June sales increase of 12%.

The Buckle ( BKE): Shares are lower despite June sales up 9.6%.

The TJX Companies ( TJX): Shares up on June sales rise of 4%.

Ross Stores ( ROST): Stock near 52-week highs after June sales rise 1%.

Kohl's Corporation ( KSS): Shares higher despite 5.6% June sales drop.

Target ( TGT): Stock rallying despite June sales drop of 6.2%.

BJ's Wholesale Club ( BJ): Shares are flat with June sales falling 7.5%.

Limited Brands ( LTD): Stock is fairly unchanged. June sales fall 7.9%.

J.C. Penney ( JCP): Stock up slightly after June sales fall 8.2%.

Macy's ( M): Stock is flat after reporting June sales fall of 8.9%.

The Gap ( GPS): Shares are lower following June sales that fell 10%.

Nordstrom ( JWN): Shares are unchanged despite June sales 10% fall.

Abercrombie & Fitch ( ANF): Stock is looking lower after June sales plummet 32%.

Upgrades to Watch

Amdocs ( DOX): Oppenheimer raises stock to outperform. $27 price target.

Electronic Arts ( ERTS): ThinkEquity upgrades stock to a buy. $25 price target.

Goldman Sachs ( GS): Merrill Lynch/Bank of America upgrades stock to buy. $175 price target.

Intuit ( INTU): Deutsche Bank initiates stock with a buy. $40 price target.

KB Home ( KBH): Credit Suisse upgrades stock to outperform. $13 price target.

Intercontinental Exchange ( ICE): Pali Research upgrades stock to neutral.

Varian Semiconductor ( VSEA): Barclays Capital upgrades stock to overweight. $35 price target.

Western Union ( WU): Credit Suisse upgrades stock to outperform. $21 price target.

Chevron ( CVX): Started as a buy at Societe Generale.

Discovery Communications ( DISCA): UBS raises estimates. $24 price target.

Choice Hotels ( CHH): FBR Capital Markets upgrades stock to overweight. $32 price target.

Ilumina ( ILMN): Raised to a buy at Auriga.

Family Dollar Stores ( FDO): UBS raises estimates. $34 price target.

Research in Motion ( RIMM): Kaufmann Bros. raises stock to a buy. $79 price target.

KLA Tencor ( KLAC): Barclays Capital upgrades stock to an overweight. $32 price target.

Downgrades to Watch

Allstate ( ALL): FBR Capital Markets cuts target price to $38.

RandGold Resources ( GOLD): Citigroup cuts stock to a hold.

Estee Lauder ( EL): Goldman Sachs maintains sell rating. Cuts target price to $30.

Public Storage ( PSA): Keefe Bruyette & Woods initiates stock as underperform.

Dupont ( DD): UBS cuts estimates and target price as well to $30.

Conoco Phillips ( COP): Societe Generale initiates stock as a sell.

Merck ( MRK): Natixis Bleichroeder cuts stock to a hold. $27 price target.


Ultrashort Plays: Decent timing to ring the register yesterday afternoon as discussed, but keep DUG, SKF, and SRS on the radar for more opportunities though.

Oil ( USO): Not much of a bump yet for prices. Getting short-term oversold.

Gold ( GLD): Prices are flat this morning as the battle to stay at or above $90 takes shape.

Treasuries ( TLT): Bonds correcting a touch at the open.

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 Visit for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.