Stocks surged to new two-year highs on the first trading day of the year, adding to double-digit gains made in 2010.
The Dow Jones Industrial Average rose more than 100 points for the first trading day of 2011, pushing past its record closing high for 2010 of 11,585.38 for a new two-year high. Stocks ended the yearslightly below two-year highs with double-digit gains in each major index.
So which individual stocks are worth watching today? Here are six that are on the move:
The packaging company was upgraded to buy from neutral at Bank of America Merrill Lynch.
Wisconsin Energy Corporation
The energy company was downgraded to equal-weight from overweight at Barclays Capital. The firm also cut the price target to $62 from $66 per share.
Brinker International Inc
The restaurant franchiser was initiated buy at Buckingham with a $26 price target.
The financial holding company was initiated sell at Citi. The shares were down more than 3% Monday.
Office Depot Inc
The office supply retailer was upgraded to buy from neutral at Janney Capital. The shares were up more than 5% Monday.
Forest Labs Inc
The pharmaceutical company was downgraded to market perform from outperform at Bernstein.
Get the latest stock picks on the CNBC Stock Blog, and see what analysts and others are watching before the bell each day at Analyst Watch.