NEW YORK ( TheStreet.com) -- The market looks like it is going to have to fight from behind today. The early action is seeing sellers taking profits. Let's take a look at stocks for traders to watch in today's early going.

Story Stocks

Dish Network ( DISH): Shares are higher on second-quarter results.

Boeing ( BA): Stock is lower despite $1.5 billion contract win.

Sysco ( SYY): Stock is lower as fourth-quarter profits fall.

Priceline ( PCLN): Stock is spiking higher as company beats estimates and guides higher.

McDonald's ( MCD): Shares are up on solid July sales data.

Hormel Foods ( HRL): Stock is higher and is nearing 52-week high levels after company raised guidance.

Rio Tinto ( RTP): Shares are dropping after China accuses the company of overcharging steelmakers.

TRW Automotive ( TRW): Stock is weak after company announces a common stock offering of up to 14 million shares.

Upgrades to Watch

Kellogg ( K): UBS ( UBS) raises estimates and target price to $51.

Autozone ( AZO): Merrill Lynch/ Bank of America ( BAC) adds stock to Focus 1 list.

EOG Resources ( EOG): Barclays Capital and Goldman Sachs ( GS) raise estimates; price targets of $81 and $83.

United Technologies ( UTX): Merrill Lynch/ Bank of America raises price target to $72.

Wynn Resorts ( WYNN): Goldman Sachs raises estimates and price target to $55.

Starwood Hotels ( HOT): Goldman Sachs raises price target to $35.

Carnival Cruise Lines ( CCL): Goldman Sachs raises price target to $22.

MGM Mirage ( MGM): Goldman Sachs raises price target to $8.

Applied Materials ( AMAT): Credit Suisse raises price target to $12.50.

Apple ( AAPL): UBS raises price target to $170.

Infosys ( INFY): Deutsche Bank ( DB) raises stock to a buy.

Royal Caribbean ( RCL): Goldman Sachs raise price target to $10.

Comcast ( CMCSA): Morgan Stanley ( MS) raise price target to $17.

Downgrades to Watch

VMWare ( VMW): Jefferies & Co. ( JEF) cuts stock to an underperform; $30 price target.

Netease.com ( NTES): Pali Research cuts stock to a neutral.

Research In Motion ( RIMM): UBS cuts stock to a neutral; $88 price target.

Eli Lilly ( LLY): Goldman Sachs cuts stock to a "conviction" sell; $30 price target.

Citrix Systems ( CTXS): Jefferies & Co. cuts stock to an underperform; $32 price target.

CBS ( CBS): Argus Research cuts stock to a hold; $11 price target.

Best Buy ( BBY): Goldman Sachs cuts stock to a neutral.

Other Key Indices to Watch

Gold ( GLD): Weak start for gold prices.

Oil ( USO): Slight increase in oil prices this morning.

Treasuries ( TLT): Bond prices are flat this morning. Fed meetings this week, but no move in rates are expected.

What's the Trade?

Friday's session weakened off the highs by late in the day. Despite the lower open, we have some standouts; I will be looking for the market to give us a better feel this morning before jumping into any major position plays.

-- written by Tom Reese and Paul Rubillo in New York.

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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