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Stocks to Watch: S, CAT, RLGY & More

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

Sprint Nextel - Japan's Softbank is in talks to buy a $12.8 billion stake in Sprint, according to published reports. That would represent two thirds of Sprint's shares, and would be the largest stake purchase of an overseas firm by a Japanese company. The Wall Street Journal calls the talks "advanced."

Caterpillar - Caterpillar's stock has been downgraded to "sector perform" from "outperform" at RBC Capital. RBC cites headwinds including elevated inventories both for Caterpillar and the earth-moving equipment industry in general, as well as weakness in Europe and China.

Realogy - The real estate firm priced its initial public offering at $27 per share, at the top of the expected range. Realogy owns such brands as Century 21 and Coldwell Banker.

Hewlett-Packard - HP has been displaced as the number one seller of personal computers, according to new figures from Gartner. The third quarter leader is Lenovo, although a rival ranking by IDC still gives Hewlett-Packard a very slight edge.

Ruby Tuesday - The company reported fiscal first-quarter profit of $0.05 per share, one cent below estimates, though revenues did slightly exceed consensus. The restaurant chain said its bottom line was impacted by higher advertising and marketing expenses, and that it expects those costs to continue rising for the remainder of the year.

Tiffany , Coach - These stocks could be impacted by the latest profit report from Britain's Burberry . The luxury fashion house says demand weakened in Britain and in China during its second quarter, with same store sales growth slowing to one percent. However, that slowdown was not as severe as analysts had expected.

Wendy's - Wendy's is updating its logo for the first time since 1983, only the fifth logo update since the restaurant chain was founded in 1969.

JPMorgan Chase - Chief Financial Officer Doug Braunstein plans to step down and take another position at the bank within the next few quarters, according to CNBC's Kate Kelly.

BP - BP and the U.S. Justice Department are close to reaching a settlement over the massive 2010 Gulf oil spill, according to The Wall Street Journal. The deal would release the company from additional civil and criminal liabilities.

Walt Disney - Disney is being sued by Stan Lee Media over the rights to Marvel characters like Spider-Man and Iron Man. The company said Stan Lee — who created many of the iconic characters — assigned the rights to the company in 1988, but then later assigned them to Marvel Enterprises, which was bought by Disney in 2009.

Amazon.com - Amazon has gotten Federal Communications Commission (FCC) approval to sell its Kindle Fire 4G tablet computer. The devices were unveiled last month, but had not yet received the needed FCC clearance required by all wireless devices.

Boeing - The jet maker has received an order for 50 737 jets from Alaska Air . The order is worth $5 billion at list prices. Alaska Air uses the 737 exclusively and the purchase of at least 30 aircraft is designed to update its fleet.

—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.