Battle of the Blue-Chip Industrials and Other #Stocks2Watch
#Stocks2Watch: FOX Business rounds up the stocks you should watch before the opening bell rings on Wall Street. Tweet @adamsamson or e-mail adam.samson@foxbusiness.com and tell us what stocks you're watching -- your picks could appear online!
1. Boeing (NYSE:BA) | United Technologies (NYSE:UTX)
Goldman Sachs (NYSE:GS) told its clients to buy United Technologies (NYSE:UTX) over Boeing (NYSE:BA). In so doing, the investment bank lifted United Tech to "buy" from "neutral" and cut Boeing to "neutral" from "buy."
Goldman said UTC is "well positioned in a strengthening Commercial Aerospace aftermarket, it has a strong product portfolio in a bottoming Defense market, it is a leader in US non-residential construction, and its largest profit generators in the European construction markets look to be bottoming."
2. LIN Media (NYSE:LIN) | Media General (NYSE:MEG)
Media General (NYSE:MEG) said it would buy LIN Media (NYSE:LIN) in a deal valued at $1.6 billion. The merger will create a television broadcaster that reaches nearly a quarter of U.S. households with televisions, according to Reuters. LIN shares are surging 30% on the news.
3. Symantec (NYSE:SYMC)
Symantec (NYSE:SYMC) shares are plummeting after the maker of Norton antivirus abruptly fired CEO Steve Bennett.
4. Tiffany & Co. (NYSE:TIF)
Tiffany & Co. (NYSE:TIF) shares are stumbling after the jeweler posted disappointing quarterly results and a weak forward outlook.
5. BlackBerry (NASDAQ:BBRY)
BlackBerry (NASDAQ:BBRY) shares are jumping after the struggling smartphone maker said it would sell the majority of its Canadian real estate.