NEW YORK (Dividend.com) -- The markets opened lower this morning, following the lead of the Chinese markets' big drop overnight. Commodity prices will be a focus today, so be sure to keep them on your radar. Let's take a look at some of today's biggest news items.

Story Stocks

Massey Energy ( MEE): Stock is higher following second-quarter profit.

Norfolk Southern ( NSC): Shares are down as second-quarter profit falls 45%.

Panera Bread ( PNRA): Shares are flat after company tightens guidance.

NewMarket Corporation ( NEU): Stock is at 52-week highs following big profit jump in second-quarter results.

Life Technologies ( LIFE): Shares are hitting 52-week highs after company beats earnings estimates.

Chicago Bridge & Iron ( CBI): Stock is lower despite second-quarter profit.

Carter's, Inc. ( CRI): Shares are hitting new 52-week highs after company beats estimates.

XL Capital ( XL): Shares are slightly higher after profit drop.

DreamWorks Animation ( DWA): Stock is higher after company beats estimates.

WellCare Health Plans ( WCG): Big jump in the stock after company raises guidance.

Time Warner ( TWX): Shares are slightly higher after company reaffirms guidance.

WellPoint, Inc ( WLP): Stock is dropping after company lowers its forecast.

Medco Health Solutions ( MHS): Stock rises after company raises 2009 guidance.

Qwest ( Q): Stock is trading flat despite beating earnings estimates.

Jones Apparel ( JNY): Shares are up following profit beat.

Wyndham Worldwide ( WYN): Stock is slightly higher despite second-quarter profit falling.

Scotts Miracle-Gro ( SMG): Shares are lower after company reaffirms.

Watson Pharmaceuticals ( WPI): Stock is down despite company lifting its forecast.

American Tower ( AMT): Stock is lower as second-quarter profit falls 65%.

Moody's Corporation ( MCO): Stock is slightly lower as company reaffirms its outlook.

Tyco Electronics ( TEL): Stock is higher after company raises full-year guidance.

Daimler AG ( DAI): Shares rise after company reports second-quarter loss.

Sprint Nextel ( S): Stock is dropping on wider-than-expected loss.

IAC/Interactive ( IACI): Shares are lower after profit misses estimates.

General Dynamics ( GD): Stock is slightly higher as company raises 2009 guidance.

Coca-Cola Enterprises ( CCE): Shares edge higher as company beats estimates.

Hess ( HES): Stock is slightly higher despite big drop in profit on lower oil prices.

Southern ( SO): Shares edge higher following second-quarter results.

ConocoPhillips ( COP): Shares drop as profit tumbles 76%.

ArcelorMittal ( MT): Stock is getting hit after company posts third-quarter loss in a row.

SAP AG ( SAP): Stock edges higher despite sales missing expectations.

Upgrades to Watch

Campbell Soup ( CPB): Raised to a sector perform at RBC Capital Markets.

Coach ( COH): Piper Jaffray upgrades stock to an overweight. $32 price target.

Bank of America ( BAC): Goldman Sachs raises price target to $17.

Capella Education ( CPLA): Credit Suisse raises target price to $65.

Coventry Health ( CVH): Credit Suisse raises target price to $25.

Fifth Third Bancorp ( FITB): Goldman Sachs raises stock to a "conviction" buy. $11 price target.

Dow Chemical ( DOW): UBS starts coverage with a buy rating and $25 price target.

Downgrades to Watch

Jacobs Engineering ( JEC): FBR Capital Markets cuts estimates. $49 price target.

Valero Energy ( VLO): Barclays Capital cuts estimates. $18 price target.

Morgan Stanley ( MS): Goldman Sachs cuts stock to a neutral. $32 price target.

MGM Mirage ( MGM): Merrill Lynch/Bank of America cuts stock to a neutral. $8 price target.

Aflac ( AFL): Citigroup cuts stock to a hold rating. $36 price target.

Genzyme ( GENZ): Citigroup cuts estimates. $57 price target.

Other Key Indices to Watch

Gold ( GLD): Gold prices are falling this morning.

Oil ( USO): Oil prices are down hard as well.

Treasuries ( TLT): Bond prices are rallying on early stock market concerns.

What's the Trade?

I am putting U.S. Steel ( X) back on the short list this morning, as commodity plays will likely fall on follow-through from China's tough day. I will be zeroing in on Agnico-Eagle Mines ( AEM) as well. The GLD is another short candidate that I will be monitoring. 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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