It was an extremely busy but fun weekend for me. And the weather held out, which was nice, too. But I’m more tired this morning than I was going into the weekend.

Asian stocks took a hit overnight. The Hang Seng ended down 2.07%, and the Nikkei was off 0.95%. European stocks were in the red earlier this morning as well. And here in the US, we're currently trading lower.

Here's what I’m focused on this fine Monday morning:

Yahoo (YHOO):
It appears the California-based Internet company landed a nice upgrade this morning before the bell. Citi slapped a “buy” rating on it.

But that’s not the only news the one-time high-flyer made this past week. It also garnered some ink after naming a former General Electric (GE) executive as its CFO.

My 2 cents on the stock:
 
1. I realize the shares have bounced nicely off their 52-week lows and now trade in the mid-teens, but I still think they have room to run.

2. Its chief executive Carol Bartz is finally getting settled in, and I think we're going to see some new and exciting things from her in the months ahead.

3. I know I’ve said it in the past, but it's worth repeating: Icahn’s involvement in this stock is a good thing. He’ll keep the board in line.

4. I’m not ready to call a marriage between Yahoo and Microsoft (MSFT) an impossibility.

With all that in mind, I’d like to see some evidence that a few years out, the company has the potential to put out some serious numbers. I'm not overly enthused with the mere $0.36 it’s expected to put up this year and the $0.42 it’s expected to put up next year.

United Technologies (UTX):
The Connecticut-based diversified company was out with some good news at the crack of dawn this morning.

Apparently, top management is meeting with investors, and per the release:

“They will reaffirm UTC's expectations for 2009 revenues of approximately $55 billion, earnings per share in the range of $4 to $4.50, and cash flow from operations less capital expenditures equal to or in excess of net income attributable to common shareowners.”

My thoughts:

1. The key word here is “reaffirm.” It's good news that management is going to come out and offer what seems to be consistent with its outlook in early May, but I wouldn’t mind a little more color as far as what to expect in 2010. (Hint, hint.)

2. Consider the things the company has its hands in: HVAC stuff and helicopters, among other businesses. Call me crazy, but I think these guys could get a big boost as this economy rebounds.

3. I don’t think that 13.7 times the current-year estimate is that unreasonable, although I would like to nab it in the low $50s.

4. I definitely like that dividend.

5. I’m seeing an insider purchase back in March, but I sure would like to see some executives belly up to the bar with the shares in the mid $50s.