Six in 60 Seconds: AutoNation, Reliance Steel, More...
Stocks declined Wednesday after a report showed housing starts fell much more than expected and FedExdelivered a disappointing outlook. Plus, worries about Spain and companies with heavy exposure to Europe weighed on the market. Stocks opened higher Monday as strong euro-zone industrial data helped assuage worries about the debt crisis.
The Dow Jones Industrial Average was down more than 30 points, after gaining over 200 points on Tuesday.
Most of the 30 Dow components were lower, led by Alcoa , Home Depotand 3M . Among the few gainers were Verizonand JPMorgan .
So which individual stocks are worth watching today? Here are six that are on the move:
Starwood Hotels
The hotel giant was upgraded to buy from hold at Soleil Securities.
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Dreamworks Animation
The feature-film animator was downgraded to neutral from buy at Goldman Sachs.
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Reliance Steel
The metals service company was upgraded to buy from neutral at UBS.
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AutoNation
The used auto dealership chain was downgraded to neutral from buy at Bank of America Merrill Lynch.
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Kenneth Cole
The fashion design house was upgraded to buy from neutral at Sterne, Agee.
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Caterpillar
The construction machinery company was initiated buy at Jefferies with a $75 price target.
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