4 Stocks Lighting Up Trading Screens Now

After Goldman Sachs (NYSE:GS) upgraded McDonald’s Corp. (NYSE:MCD) from “Neutral” to “Buy” Tuesday, MCD shares are climbing in pre-market trading, up 1.42% so far this morning. Analysts cited the potential for upward revisions to the fast-food giant’s earnings in the second half of 2011 and 2012. McDonald’s recently reported that global same-store sales rose 5.1% in July.

Pfizer (NYSE:PFE) has been upgraded to Goldman’s “conviction buy list” as the pharmaceuticals company prepares to release a host of new products in the second half of 2011. “We view Pfizer as a dislocated buy opportunity in U.S. major pharma given its dynamic management team that has shown commitment to delivering value to shareholders,” said Goldman analyst Jami Rubin in a note to clients. Rubin says the new pharmaceuticals will help change investor sentiment and ultimately increase cash balances for the company and allow it to invest more in research and development, the bread and butter of the pharma industry. PFE shares are up 2.52% this morning.

Dish Network (NASDAQ:DISH) second-quarter earnings rose 30% despite losing a net 135,000 subscribers. However, its second-quarter earnings per share of 75 cents fell short of analysts’ forecasts of 79 cents a share. The company is trying to attract more affluent customers who are less likely to cancel their service and are willing to spend more. It’s also trying to become more competitive against other TV and video services by creating its own online streaming video service under the Blockbuster name after it acquired the chain earlier this year. DISH shares are trading down 2.94% this morning. Keep an eye on the television and movie provider sector today: DIRECTV (NASDAQ:DTV), TiVo Inc. (NASDAQ:TIVO), Netflix, Inc. (NASDAQ:NFLX), Comcast Corporation (NASDAQ:CMCSA), Blockbuster Inc. (BLOAQ), Cablevision Systems Corp. (NYSE:CVC), Time Warner Cable Inc. (NYSE:TWC), British Sky Broadcasting Group plc (BSYBY), Hughes Communications Inc. (NASDAQ:HUGH), and Liberty Media Corp (NASDAQ:LINTA).

AOL (NYSE:AOL) shares are trading down 9.42% today. The company is trying to transform itself into an ad-supported digital media business, acquiring sites like Huffington Post and technology blog TechCrunch. However, the company reported a loss in its second quarter despite a modest uptick in advertising revenue.