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Morning Movers: U.S. Steel Jumps on Merrill Upgrade; United Technologies Drops on Rockwell Collins Acquisition

Welcome back from a long Labor Day weekend. The market isn't providing much in the way of a welcome today as stocks look set to open lower as North Korea tensions ratchet up.

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S&P 500 futures have fallen 0.2%, while Dow Jones Industrial Average futures have dropped 0.3%. Nasdaq Composite futures have declined 0.2%.

Walt Disney (DIS) has advanced 0.5% to $102 after getting upgraded to Outperform from Market Perform at Wells Fargo.

United States Steel (X) has gained 2.3% to $27.60 after getting raised to Buy from Neutral at BofA Merrill Lynch.

Regal Entertainment Group (RGC) has climbed 3.3% to $16.00 after getting upgraded to Buy from Neutral at MKM Partners.

Alexion Pharmaceuticals (ALXN) has risen 0.8% to $145.18 after getting raised to Overweight from Neutral at JPMorgan.

United Technologies (UTX) has dropped 1.8% to $115.77 after agreeing to buyRockwell Collins (COL) for $23 billion, or $140 a share. Rockwell Collins has gained 1% to $132.

O'Reilly Automotive (ORLY) has gained 1.5% to $200 after announcing an additional $1 billion in stock buybacks.

Patterson-UTI Energy (PTEN) has climbed 3.2% to $16.45 after getting upgraded to Overweight from Neutral at JPMorgan and announcing the acquisition of privately heldMulti-Shot.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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