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Stocks to Watch: GM, Transocean, Estee Lauder and More...
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Stocks opened higher Monday, after a highly volatile week, as Wall Street cheered a handful of M&A news and shrugged off a disappointing New York State manufacturing report.
The Dow Jones Industrial Average jumped more than 100 at the open. The S&P 500 and the Nasdaq also rose sharply at the open.
Here are six stocks that are on the move:
General Motors
[GM
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The car manufacturer was upgraded to buy from neutral at Ticonderoga.
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DineEquity
[DIN
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The restaurant operator's board approved a $45 million stock buyback program.
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Transocean
[RIG
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The contract drilling company reached a deal to buy Aker Drilling for $1.4 billion.
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AK Steel
[AKS
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The iron and steel company was downgraded to hold from buy at KeyBanc Capital Markets.
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Estee Lauder
[EL
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The personal products maker beat expectations for the fourth quarter but issued a weaker than expected outlook for 2012.
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Brocade Communications
[BRCD
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The telecommunications corporation was cut to a sell at Goldman Sachs.
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