Morgan Stanley's 'strongest quarter in years'; Hasbro's boy power; Raytheon gets into cybersecurity

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Morgan Stanley (MS) shares are jumping in early trading as the bank reports what it calls one of its strongest quarters in years.  Both Morgan Stanley's first quarter profit and revenue topped expectations, boosted by gains from trading of fixed-income securities, currencies and commodities. Separately, various reports say the company is in talks with the New York Attorney General to pay half a billion dollars in penalties for selling bad mortgage securities that crashed during the financial crisis

Halliburton (HAL) shares are also on the move this morning. The provider of drilling services to oil and gas producers reported better-than-expected adjusted earnings and revenue in the first quarter as Latin America, the Middle East and Asia helped drive sales. However, the company said it expects the oil sector to remain "challenged."  The oil industry has been slashing spending to cope with lower prices. Last year, Halliburton announced it was buying Baker Hughes (BHI) to better position itself in the wake of pricing pressures due to more oil supply and a decline in crude prices.

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Hasbro (HAS) shares are soaring after the toymaker reporting earnings and revenue that topped forecasts for the first three months of 2015.  Sales jumped 5% from a year earlier thanks to strength in its boys and preschool brands, which offset weakness in sales of girls' toys

IBM (IBM) in the spotlight this morning.  Big Blue gets set to report quarterly results after the close of trading today. Analysts are looking for IBM to earn $2.82 a share in the first quarter. Revenue is expected to decline 12% year-over-year to $19.7 billion. IBM has been struggling to improve sales as it transitions from a traditional hardware business to a cloud and software company.

Raytheon (RTN) also grabbing headlines. The defense contractor is getting into the cyber security business. Raytheon is buying cyber security provider Websense from private equity firm Vista Equity Partners in a deal valued at $1.9 billion.