The market is looking fairly flat in the early going. There are plenty of earnings to pick apart, as well as more analysts' moves. Let's take a look.
Xilinx ( XLNX): Shares are down after reporting results. Cintas ( CTAS): Uniform play is lower after posting its results. Harley Davidson ( HOG): Shares are getting hit on second-quarter profit drop of 91%. Announcing more job cuts. Nokia ( NOK): wireless phone giant is down big on market share loss. JP Morgan ( JPM): Stock is down slightly despite easy earnings for this banking giant. Baxter International ( BAX): Stock is up early following quarterly results. Marriott International ( MAR): Stock is lower on big profit drop in the quarter. Biogen Idec Inc. ( BIIB): Early gains for Biotech play despite lowered 2009 EPS outlook. PPG Industries, Inc. ( PPG): Stock is higher despite 42% profit drop in Q2. Novartis AG ( NVS): Stock is higher after company reaffirms 2009 guidance. Polycom, Inc. ( PLCM): Stock is up following second-quarter results. Landstar System, Inc. ( LSTR): Another disappointing transports stock earnings report. Amphenol Corporation ( APH): Stock is lower following Q2 results. Genuine Parts ( GPC): Stock flat as revenue falls 13%. Charles Schwab ( SCHW): Stock slightly higher despite second-profit falling 30%.
Upgrades to Watch
Qualcomm ( QCOM): Started as a buy at RBC Capital Markets. Intuit ( INTU): Credit Suisse raises price target to $33. Dominion Resources ( D): Barclays Capital raises price target to $32. Capital One Financial ( COF): Jefferies raises stock to a buy. Gannett Co. ( GCI): Benchmark Company raises stock to a buy. $7 price target. Dr Pepper Snapple Group Inc. ( DPS): Merrill Lynch/Bank of America starts stock as a buy. $27 price target. Walt Disney ( DIS): Bernstein raises stock to an outperform.