Stocks to Watch: Apple, Capital One, Netflix and More...
Stocks gained at the open Wednesday as optimism about the global economy gave investors reason to buy and ahead of the Fed Chairman Ben Bernanke's report to Congress on monetary policy.
The Dow Jones Industrial Average rose at the open lower for the third-straight dayin the previous session.
Here are six stocks that are on the move:
Apple
The consumer electronics company's price target was raised to $450 from $435 at Citi.
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Dollar Tree
The discount retailer was downgraded to hold from buy at BB&T Capital Markets.
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MGM Resorts
The gaming and entertainment corporation was upgraded to hold from underweight at Keybanc, noting valuation and continued strength in Macau.
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Capital One
The consumer finance firm's second quarter profit jumped 50 percent as fewer customers defaulted on loans.
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Netflix
The movie subscription website announced it will raise prices for some of its $23 million subscribers by as much as 60 percent.
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FedEx
The delivery company was added to the select list at Stifel Nicolaus with a $130 price target. The firm says FedEx is their favorite large cap transportation stock.
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