Stocks to Watch: Continental Resources, Saks, Gap and More...
Stocks tumbled at the open Thursday amid fear over the ongoing euro zone debt crisis in addition to a jobs report that indicated the recovery has stalled. The dollar surged against a basket of currencies.
The Dow Jones Industrial Average fell at the open after staging a rebound from a sharp selloff in the previous session to snap an eight-day losing streak.
Here are six stocks that are on the move:
Cigna
The health care provider's second quarter earnings beat estimates. The company also raised its full-year forecast.
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Hormel Foods
The food producer was downgraded to sell from neutral at Goldman Sachs.
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McDonald's
The fast food chain was upgraded to overweight from neutral at Piper Paffray, while also raising the price target to $98 from $87.
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Saks
The luxury retailer reported strong same store sales results, but shares still traded to the downside.
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Continental Resources
The crude oil and natural gas company reported better than expected second quarter results.
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Gap
The apparel retailer took a hit after reporting weak same store sales for July.
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