This is the heaviest week for earnings in the annual season, and this morning is loaded with names that have reported. Let's see where the potential winners and losers are and what else may be worth putting on your radar.
Story StocksZions Bancorp ( ZION): Shares are lower after posting second-quarter loss. Legg Mason ( LM): Stock higher after firm bounces back with a profitable quarter. Texas Instruments ( TXN): Semiconductor play is lower after posting 56% decline in Q2 profits. Boston Scientific ( BSX): Stent play is slightly higher following second-quarter results. UnitedHealth Group ( UNH): Health insurer is higher after raising full-year outlook. DuPont ( DD): Stock is higher after reaffirming full-year outlook. Lexmark ( LXK): Stock is down big after missing Q2 estimates. United Technologies ( UTX): Shares are lower after company trims guidance. Quest Diagnostics ( DGX): Stock is higher after profit climbs nearly 17%. Western Union ( WU): Shares are slightly lower after company trims guidance. Merck ( MRK): Drug giant's shares are higher after reaffirming 2009 guidance. Comerica ( CMA): Stock is lightly lower after reporting second-quarter profits fell 68%. Hudson City Bancorp ( HCBK): Stock up slightly, but bad loans are rising. Caterpillar ( CAT): Stock is jumping up big after company surprises the street by raising guidance. Peabody Energy ( BTU): Coal giant is lower after trimming full-year guidance. Freeport McMoran ( FCX): Metals giant is higher after earnings results. State Street ( STT): Shares drop following Q2 loss. Lockheed Martin ( LMT): Stock is lower as defense giant cuts full-year guidance. TD Ameritrade ( AMTD): Online brokerage shares are up after reporting third-quarter numbers. Coca Cola ( KO): Beverage giant shares are lower following earnings results. UAL Corporation ( UAUA): Airline operator shares are higher on surprise profit.
Southwest Airlines ( LUV): Regional airline giant shares are slightly higher after Q2 results. AK Steel ( AKS): Steelmaker shares are slightly lower after reporting Q2 results. Regions Financial ( RF): Bank shares are lower following Q2 losses as bad loans rise. Sherwin Williams ( SHW): Shares are slightly lower as company narrows guidance. Blackrock ( BLK): Stock is slightly higher after reporting earnings beat.
Upgrades to WatchExpedia ( EXPE): Initiated as a buy at Deutsche Bank. Cisco Systems ( CSCO): Barclays Capital raises estimates. $23 price target. Radio Shack ( RSH): Barclays Capital raises estimates. $15 price target. US Bancorp ( USB): Credit Suisse initiates stock with an outperform rating. Edwards Lifesciences Corp ( EW): Credit Suisse raises target price to $74. International Paper ( IP): Deutsche Bank upgrades stock to a buy. $24 price target. Las Vegas Sands ( LVS): BMO Capital Markets upgrades stock to an outperform. $15 price target. Halliburton ( HAL): Credit Suisse raises target price to $26. Dollar Tree ( DLTR): Merrill Lynch/Bank of America initiates stock with a buy. $50 price target. Family Dollar ( FDO): Merrill Lynch/Bank of America initiates stock with a buy. $35 price target.
Downgrades to WatchWeatherford International ( WFT): Credit Suisse lowers target price to $23. BB&T ( BBT): Morgan Stanley cuts estimates. $32 price target. Nokia ( NOK): Morgan Stanley & Jefferies both cut stock ratings on the wireless phone giant. Anadarko Petroleum ( APC): Goldman Sachs cuts estimates. $52 price target. Regency Centers ( REG): Barclays Capital cuts estimates. $36 price target. Eaton Corp ( ETN): Morgan Stanley cuts estimates. $47 price target.
Themes/PlaysGold ( GLD): Another positive start for the yellow metal. Oil ( USO): Oil prices are raising once again. Treasuries ( TLT): Bonds are lower as the equity markets gain in the early action.
Ultrashorts: SRS & SKF are down in the early going as the market rallies.