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Stocks to Watch: BA, AMZN, M, NKE & More

Take a look at some of Monday's morning movers:

Boeing Boeing's shares have been upgraded to "buy" from "hold" at Stifel Nicolaus, with a price target of $80. The firm said recent investor meetings had a positive tone, and an 8 percent decline in the stock since then presents a buying opportunity.

Amazon.com - The online retailer's stock has been removed from the “Conviction Buy” list at Evercore Partners. Evercore says a slowdown in inventory turnover could hurt profit margins, although the stock is still rated "overweight."

Macy's - The retailer's shares have been removed from Citi's "Top Picks Live." The stock is up 140 percent since first being added to the list back in January 2010, with Citi saying various challenges could limit its upside in the near term.

Nike - CNBC’s Kayla Tausche reports the athletic footwear and apparel maker has hired Goldman Sachs to advise it on the sale of its Umbro and Cole Haan brands.

Clearwire - Private-equity firm Crest Financial has taken a 5.9 percent stake in the wireless service provider. The purchase makes Crest one of the biggest minority shareholders in Clearwire, which is majority owned by Sprint Nextel.

Sony - The electronics maker’s Japanese shares dipped below 1,000 yen ($12.81) for the first time since 1984, as it struggles to rebound from four straight years of losses in the midst of a global economic slump.

GlaxoSmithKline - New studies show two experimental skin cancer drugs from Glaxo cause fewer side effects than current chemotherapy regimens, while still helping patients.

Wellpoint - The health insurer is buying contact lens and eyewear retailer 1-800 Contacts from private-equity firm Fenway Partners. Terms of the deal were not disclosed, but The Wall Street Journal had been reporting a tentative price of about $800 million.

Hewlett-Packard, Oracle - The two companies square off in court today, as opening statements begin in a lawsuit over Oracle’s decision to end support for HP servers that use Intel’s Itanium chip. HP is seeking up to $4 billion in damages.

Ford Motor - The automaker is studying the possibility of introducing indigenous brands for the Chinese market, a move several other global automakers have already made.

Facebook, Yahoo - Executives from the two companies are reportedly in advanced negotiations to settle patent litigation between the two. AllThingsD is reporting that a settlement could come within a few weeks, and restore what had been a close relationship between Facebook and Yahoo. Separately, Bernstein has initiated coverage on Facebook with an "underperform" rating and a $25 price target. The firm says it has doubts Facebook can achieve revenue forecasts due to slowing growth.

—By CNBC’s Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC's Senior Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.