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Morgan Stanley, Halliburton & Hasbro beat; Lockheed buys Sikorsky

Here are some of the stocks the Yahoo Finance team will be following for you today on another big day of earnings.

Morgan Stanley (MS) The stock is popping following release of its second quarter numbers. The investment bank's profit and revenue both beat estimates. Morgan Stanley says it had solid performances across all its sectors.

Halliburton (HAL) Shares are also jumping in early trading. Excluding certain items, the oilfield services operator is reporting a big beat on its second quarter bottom line.  Revenue also topped forecasts.  Halliburton says charges for layoffs related to falling oil prices plus its proposed merger with Baker-Hughes impacted its results.

Hasbro (HAS) The toymaker is reporting second quarter earnings and revenue that topped analysts' forecasts. The company says sales of its boys' toys were slightly higher, thanks to Nerf products and movie tie-ins.  However, sales of girls' toys sunk 22%, dragged down by a drop in demand for Furbys and to a lesser extent, My Little Pony.

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United Technologies (UTX) Lockheed Martin (LMT) is buying the company's Sikorsky helicopter unit for $9 billion.  That would add the famous Black Hawk chopper to Lockheed's  arsenal, which includes the F-35 fighter.

PayPal (PYPL) Today is the first day of trading for PayPal after it was spun off from eBay (EBAY) Friday. The online payment services company will also be a member of the S&P 500.

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