Stocks to Watch: Cisco, Polo and More ...
Stocks were under pressure Thursday after a batch of weak earnings reports overshadowed the stronger-than-expected weekly jobless claims news. The dollar rallied broadly.
The Dow Jones Industrial Averagefell more than 30 points, after squeezing out an eighth straight day of gainsin the previous session. But the index is still on pace for its 10th weekly gain in 11 weeks.
Cisco , Microsoft and Wal-Mart fell, while United Technologies and Hewlett-Packard were higher on the blue-chip index.
So which individual stocks are worth watching today? Here are six that are on the move:
United Technologies Corp
The aerospace company was trading at all-time highs this morning. The shares were up about 1 percent.
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Intrepid Potash Inc
The nonferrous metals company was downgraded to market perform from outperform at BMO Capital.
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Chesapeake Energy Corp
The natural gas producer was upgraded to hold from sell at Argus Research. The shares up were nearly 20 percent so far this year.
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Coca-Cola HBC
The soft drink company was downgraded to neutral from overweight at HSBC.
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Polo Ralph Lauren
The clothing designer was upgraded to neutral from underperform at Bank of America Merrill Lynch.
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Cisco Systems Inc.
The tech bellwether company received a pair of downgrades to hold from buy at Citi and Stifel Nicolaus. Second quarter results beat estimates, but the margins were weak.
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