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Stocks to Watch: GM, Transocean, Estee Lauder and More...
CNBC.com | August 15, 2011 | 09:58 AM EDT

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 MotorsThe car manufacturer was upgraded to buy from neutral at Ticonderoga.

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

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

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

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

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

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