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Microsoft and Baidu deal; Caterpillar weighs on Dow; Twitter's target lowered

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Caterpillar 

Dow component Caterpillar (CAT) weighed heavily on the blue chips. The stock was down sharply after announcing it plans to permanently cut 10,000 jobs by the end of 2018. The construction and mining equipment manufacturer also slashed its guidance for 2015 as it expects sales and revenues to be about $1 billion dollars lower than the previous forecast of $49 billion.

Twitter

A bearish call on Wall Street pushed Twitter (TWTR) to drop. Shares lost ground after Citigroup cut its target price. The firm now sees Twitter hitting $30 a share from $37. That's still gives an upside potential of about 11% from the last closing price. The firm said it thinks the social micro blogging site will continue to struggle to improve monetization. Citi kept its "neutral" rating for the stock.

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Baidu 

Baidu (BIDU) was a stock to watch in the session. Shares struggled to stay on the green in early trading after it signed a deal with Microsoft (MSFT). Under the partnership, Baidu will be the default home page and search engine for the new Edge browser in China.