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Squawk on the Street

Stocks to Watch: Newmont Mining, U.S. Steel, Tesoro and More...


Stocks opened lower Wednesday, following a sharp rally in the previous session, as investors continued to worry over the global economy.

The Dow Jones Industrial Average opened lower after logging its biggest gain in almost two weeksin the previous session to finish well above the psychologically-important 11,000 level.

Here are six stocks that are on the move:

The luxury retailer was upgraded to neutral from underperform at Credit Suisse based on a valuation call.


Abbott Labs
The pharmaceutical company was downgraded to market perform from outperform at Morgan Keegan.


Newmont Mining
The gold producer was upgraded to market perform from underperform at RBC Capital.


U.S. Steel
The iron and steel corporation was downgraded to equal-weight from overweight at Morgan Stanley.


The global exchange group was upgraded to buy from neutral at UBS, noting that shares are trading at a deep discount.


The crude oil refiner was upgraded to buy from sell at Benchmark Company.


Get the latest stock picks on the CNBC Stock Blog.