The market is giving us another negative early tone to the stock tape. It will be interesting to see if buyers will remain resilient here, or if they will wait for a pullback to reload. The names below will be our blueprint for the early indications.

Story Stocks

Ace Limited ( ACE): Stock is lower following Q2 results.

Amgen ( AMGN): Shares are higher after the company beat estimates and raised guidance.

CF Industries ( CF): Fertilizer play shares are higher after earnings beat.

Masco ( MAS): Stock is higher following the company raising guidance.

Plum Creek Timber ( PCL): Stock is lower as next quarter's guidance is below estimates.

Fidelity National Financial ( FNF): Real estate title play is up slightly following second quarter results.

BP Plc ( BP): Oil giant shares lower. Company sees economic rebound taking a longer time.

McGraw-Hill ( MHP): Shares are slightly lower on cautious revenue guidance.

Coventry Health Care ( CVH): Shares up as company raises guidance.

Coach, Inc. ( COH): Stock falls as company matches earnings estimates.

Viacom Inc. ( VIA): Shares slightly lower as profit falls 32%.

Rockwell Automation ( ROK): Stock lower after profit plummets nearly 80%.

Office Depot ( ODP): Shares fall as profits drop more than expected.

IBM Corp ( IBM): Stock is slightly lower on news it is acquiring SPSS Inc. ( SSPS) in a $1.2 billion deal.

U.S. Steel ( X): Shares dip following steelmarker's second quarterly loss in a row.

Valero Energy ( VLO): Stock drops on wider-than-expected loss.

National-Oilwell Varco, Inc. ( NOV): Shares drop as Q2 profit falls 28%.

SuperValu ( SVU): Stock is higher despite cutting 2010 EPS guidance.

Interpublic Group ( IPG): Shares are lower on decreased client spending.

Waters Corporation ( WAT): Stock is lower after second-quarter profit falls 16%.

Textron ( TXT): Stock is slightly higher after Q2 loss.

Check Point Software ( CHKP): Shares hitting new 52-week highs following company's results.

Capella Education ( CPLA): Shares rise after company raises revenue guidance.

Teva Pharmaceuticals ( TEVA): Stock is higher following Q2 results.

Sprint Nextel ( S): Shares are unchanged following announcement it will acquire Virgin Mobile ( VM).

Upgrades to Watch

RadioShack ( RSH): FBR Capital Markets raises target price to $18.

Autodesk ( ADSK): Jefferies & Co. raises stock to a buy. $27 price target.

American Express ( AXP): FBR Capital Markets raises target price to $25.

Hewlett Packard ( HPQ): Kaufman Bros raises target price to $50.

Hertz ( HTZ): Barclays Capital raises estimates. Target price raised to $9.

Meritage Corp ( MTH): Credit Suisse raises target price to $17.

Ingersoll-Rand ( IR): Wells Fargo upgrades stock to outperform.

Akamai ( AKAM): JMP Securities initiates stock with an outperform.

Air Products ( APD): JP Morgan raises stock to outperform.

Nucor Corp ( NUE): Goldman Sachs raises estimates. Target price raised to $53.

Downgrades to Watch

Sohu.com ( SOHU): Bernstein Research cuts estimates. $72 price target.

Aetna ( AET): Barclays Capital reduces estimates. Cuts price target to $31.

Agnico-Eagle Mines ( AEM): Barclays Capital initiates stock with an underweight rating. $35 price target.

Ericsson ( ERIC): UBS cuts stock to a sell.

Philip Morris International ( PM): UBS cuts stock to a neutral. Raises estimates and target to $47.00.

Lennar Corp ( LEN): Citigroup downgrades stock to a hold.

Metlife ( MET): Bank of America/Merrill Lynch cuts stock to a neutral.

Kinross Gold Corp ( KGC): Barclays Capital initiates stock with an underweight. $14 price target.

Charles Schwab ( SCHW): Goldman Sachs cuts estimates. Neutral rating.

Other Key Indices to Watch

Gold ( GLD): Gold prices are lower in the early going.

Oil ( USO): Oil prices falling as well.

Treasuries ( TLT): Slight bump higher for bond prices in the early session.

What's the Trade?

Keep an eye on the AEM downgrade and the potential opening for a short-sell trading opportunity. I have had this under the microscope for a while and today may be the day for action. Also, U.S. Steel ( X) is another play that looks like a good short, if it remains under $40 today.

I'm also watching the Ultrashort plays SRS, SKF, and DUG for potential long opportunities, if we get a sustained pullback. Stay focused and be ready to strike. I'll be back with more in the midday update.

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

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