Take a look at some of Friday's morning movers:
Wal-Mart Stores - The retail giant holds its annual meeting in Fayetteville, Ark., today. Despite the controversy over the alleged bribery scandal in Mexico, the stock has been trading at its highest levels since 2000 in recent days.
Sara Lee - Sara Lee's board has approved both the spinoff of its international coffee and tea business and a 1-for-5 reverse stock split. After the spinoff, shareholders in the new “CoffeeCo” will get a $3 a share special dividend.
Groupon – The lockup period on stock sales by company insiders expires today, meaning extra selling pressure for the stock.
Blackstone Group - Goldman Sachs has added the stock to its "conviction buy" list, saying Blackstone is poised to generate cash flow across a broad range of diversified strategies.
Oracle - A judge has dismissed copyright claims against Google over parts of Oracle’s Java programming language. Oracle has been seeking about $1 billion in damages, but that number will be sharply limited by the ruling.
Wynn Resorts, Las Vegas Sands - Macau casinos are reporting gaming revenue growth of 7.3 percent in May, the slowest expansion since July 2009.
Nokia - The handset maker is denying claims by Google that it’s colluding with Microsoft to use their patents to hurt smartphone industry rivals. Google has filed a formal complaint with the European Commission.
BP - The oil giant is considering a sale of its stake in TNK-BP, Russia’s third largest oil producer. A sale of BP’s 50 percent stake in the venture could raise around $30 billion.
Facebook - The social networking giant is coming off a sharp Thursday intraday reversal, when it rebounded off a new post-initial-public-offering low to finish significantly higher.
CVS Caremark - Moody's has raised its debt rating on CVS to "positive" from "stable." Moody's cites improved performance from both the pharmacy benefit and retail drugstore operations.
Omnivision Technologies - The maker of image sensors reported fiscal fourth-quarter profits that were well below Wall Street estimates, due to slumping sales. It's also projecting current-quarter earnings that are below consensus.
Sprint Nextel - JPMorgan Chase is upgrading Sprint shares to "overweight" from "neutral," saying it sees a 50 percent to 60 percent upside. JPMorgan is positive on Sprint's Network Vision project, and optimistic that an industry price war that would hurt Sprint earnings will break out.
Hewlett-Packard - The stock has been downgraded to "hold" from "buy" at Jefferies & Co. Among other factors, the firm says tablets will hurt HP's PC business, and Microsoft's upcoming Windows 8 release will not help. It also says smartphones will impact the printer business.
—By CNBC’s Peter Schacknow
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