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Squawk on the Street

Stocks to Watch: GM, Transocean, Estee Lauder and More...

Six in 60

Stocks opened higher Monday, after a highly volatile week, as Wall Street cheered a handful of M&A news and shrugged off a disappointing New York State manufacturing report.

The Dow Jones Industrial Average jumped more than 100 at the open. The S&P 500 and the Nasdaq also rose sharply at the open.

Here are six stocks that are on the move:

General Motors
The car manufacturer was upgraded to buy from neutral at Ticonderoga.


The restaurant operator's board approved a $45 million stock buyback program.


The contract drilling company reached a deal to buy Aker Drilling for $1.4 billion.


AK Steel
The iron and steel company was downgraded to hold from buy at KeyBanc Capital Markets.


Estee Lauder
The personal products maker beat expectations for the fourth quarter but issued a weaker than expected outlook for 2012.


Brocade Communications
The telecommunications corporation was cut to a sell at Goldman Sachs.


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