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:
Alcoa
The aluminum manufactuer was upgraded to buy from hold at Davenport partly based on potential upside in aluminum prices.
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FedEx
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.
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Murphy Oil Corporation
The oil and gas corporation was upgraded to market outperform from market perform at Howard Weil.
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Viacom
The entertainment company was upgraded to buy from above average at Caris & Company.
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Westlake Chemical
The chemical and plastic products maker raised its dividend by sixteen percent and planned to repurchase up to $100 million in stock.
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News Corp
The global media company was downgraded to hold from buy at Needham.
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