Stocks to Watch: Alcoa, FedEx, Viacom and More...
Stocks jumped at the open Monday, helped by gains in the European markets and after all three major averages logged their biggest four-week decline since Mar. 2009 in the previous week.
The Dow Jones Industrial Average rose sharply to flirt with the psychologically-significant 11,000 level after shedding 4 percent in the previous week.
Here are six stocks that are on the move:
The aluminum manufactuer was upgraded to buy from hold at Davenport partly based on potential upside in aluminum prices.
The delivery services company may be oversold according to JP Morgan who says that reward to risk for the stock is still attractive, reaffirming its overweight rating.
Murphy Oil Corporation
The oil and gas corporation was upgraded to market outperform from market perform at Howard Weil.
The entertainment company was upgraded to buy from above average at Caris & Company.
The chemical and plastic products maker raised its dividend by sixteen percent and planned to repurchase up to $100 million in stock.
The global media company was downgraded to hold from buy at Needham.
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