Stocks to Watch: McDonald's, Abercrombie & Fitch, Sears and More...
Stocks opened sharply lower Thursday amid continuing worries over the euro zone debt crisis, a gloomy forecast on global growth and news that jobless claims rose more than expected last week.
The Dow Jones Industrial Average plunged sharply at the open after squeezing out a small gainin the previous session.
Here are six stocks that are on the move:
The fast food chain was upgraded to outperform from perform at Oppenheimer.
J. M. Smucker Company
The food company reported an eight percent rise in first quarter profit as the company raised prices to offset high commodity costs.
Goodyear Tire & Rubber Company
The tire manufacturer was downgraded from neutral to sell at Goldman Sachs due to high raw material costs.
Abercrombie & Fitch Co.
The apparel retailer was upgraded to outperform from neutral at Robert W. Baird.
The video game store reported a 23 percent drop in earnings for its second quarter thanks to a sharp decline in video game sales.
The retailer was getting crushed after second quarter results missed estimates.
Get the latest stock picks on the CNBC Stock Blog.