Stocks were sharply higher Wednesday, on pace to close out the month with a four-day winning streak, even after a handful of weaker-than-expected economic reports. Investors were encouraged by news that President Obama may present a range of policy options that could create up to a million new jobs.
The Dow Jones Industrial Average opened sharply higher, turning positive for 2011, led by Caterpillar and Alcoa. The blue-chip index logged a three-day rally in the previous session.
Here are six stocks that are on the move:LennarThe homebuilder was upgraded to buy from neutral at UBS, based on valuation.
ToyotaThe automaker was downgraded to neutral from outperform at Credit Suisse.
Reliance SteelThe steel manufacturer was upgraded to buy from neutral at Goldman Sachs.-----------
Jefferies GroupThe investment services company was downgraded to neutral from buy at Rochdale Research.-----------
TesoroThe oil exploration and production company was upgraded to outperform from sector perform at RBC Capital.
The homebuilder was upgraded to buy from neutral at UBS.
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