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CBS Tunes into Univision, 3M's Rise, Intel's Outlook Lifts Stock


Intel's outlook is rosy enough to have investors perking up: the stock got a boost for five percent after the company increased its revenue outlook, from $13 billion to $13.7 billion. It's good news for a tech stock that has been on a steady rise for 12 months. And CBS is ready to tune into Univision as we kick off the World Cup: the network is, along with Time Warner, weighing a bid that could add up to $20 billion. Finally, Jim Cramer's Action Alert Pick of the day is 3M, with the stock in the $140s now, he is targeting $160 a share for the industrials company on improved demand in Western Europe and China.