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Stocks to Watch: TPX, HD, UNH, DKS & More

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

Tempur-Pedic International - Due to slumping North American sales, the mattress maker says it now expects 2012 earnings per share of $2.70, well below analyst estimates of $3.93.

Home Depot - The home improvement retailer says it now expects share repurchases of $4 billion this year, up from its prior guidance of $3.5 billion. It also reaffirmed prior guidance for 2012 sales and earnings ahead of a conference presentation today.

United Healthcare - The managed-care provider increased its quarterly dividend to $0.2125 per share, up five cents.

Dick's Sporting Goods - The sporting goods retailer's stock has been upgraded to "outperform" from "market perform" at Wells Fargo.

Lee Enterprises, Berkshire Hathaway has taken a 3.2 percent stake in Lee, continuing a series of investments by Warren Buffett’s company in U.S. newspaper publishers.

Deere – The equipment maker finds itself in near-record territory in one category: Reuters reports that its new debt offering carries one of the lowest yields of all time, with a 30-year bond on track to yield 3.942 percent and a 10-year note set to yield 2.629 percent. The offer has not yet officially priced.

Lockheed Martin – The defense contractor has won a missile defense contract that could be valued at up to $2 billion. The contract calls for at least 42 interceptor missiles for the U.S. military.

Dollar General – The retailer has priced a secondary offering of 30 million shares at $46.75 per share. That size of the offering is larger than the 25 million shares the retailer had previously indicated it would sell.

Abbott Laboratories - Competitor Roche says a trial has shown its arthritis drug performed better than Abbott’s best-selling Humira in reducing symptoms in rheumatoid arthritis patients.

Nokia – The handset maker has unveiled a series of budget-priced touchscreen phones, in hopes of carving out a niche in that market and catching up with its rivals.

Novartis – The drugmaker says a final stage study shows its Ilaris drug helps reduce symptoms in childhood arthritis patients.

Ancestry.com – The website operator is considering putting itself up for sale, according to published reports, and is already working to find potential buyers.

Chesapeake Energy - The company is reportedly in advanced talks to sell most of its pipeline assets for more than $4 billion to Global Infrastructure Partners, according to Bloomberg News.

Facebook, Nasdaq OMX – Nasdaq is expected to make an announcement today detailing plans to compensate banks and trading firms for losses incurred during the problem-plagued Facebook initial public offering.

JPMorgan Chase – The Senate Banking Committee is holding another hearing today on the recent $2 billion trading loss revealed by the bank, with testimony to come from Comptroller of the Currency Thomas Curry.

—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 Senior Commodities Correspondent and 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.