Economic News

• Daily Dividend Report: PM, CVS, TGT, APA, SWY 03/11/2010
  This morning, Philip Morris International (PM) declared its quarterly dividend of 58 cents per share, maintaining the amount paid last quarter. Based on the current stock price, investors can expect a yield of about 4.7% going forward. […]
• Sector Wrap: Technology, Energy, Financials 03/11/2010
  The broader indices have traded in a tight range all week as there has been little corporate or economic data to move the major averages. On the week, the Dow is trading flat, the S&P 500 is trading up one half of one percent and the Nasdaq has gained the most, up 1.3% so far. […]
• Thursday's ETF Movers: ROB, IIH 03/11/2010
  In midday trading Thursday, the Claymore Luxury Goods ETF (ROB) is outperforming other ETFs, up about 1.4% on the day. Components of that ETF showing particular strength include shares of Orient-express Hotels Limited (OEH), up about 3.8% and shares of Luxottica Group (LUX), up about 1.4% on the day. […]
• Thursday Midday Sector Leaders: Communication Services, Railroads 03/11/2010
  In midday trading Thursday, Communication Services shares were relative leaders, up on the day by about 1%. Leading the group were shares of Terrestar (TSTR), up about 22.8% and shares of GeoEye (GEOY) up about 16.9% on the day. […]
• Thursday Midday Sector Laggards: Air Services, Luxury Goods 03/11/2010
  In midday trading Thursday, Air Services shares were relative laggards, down on the day by about 2.3%. Helping drag down the group were shares of Transat (TRZ. […]
• Financial Firms Shopping For Deals 03/11/2010
  After Barclays announced yesterday that it was looking to acquire a US regional bank, investors saw shares of Fifth Third (FITB), SunTrust (STI) and Regions Financial (RF) post sizable gains. Today, however, asset management firms will have the spotlight. […]
• Today's Big Gainers: SNV, ES, GEOY, EPL 03/11/2010
  Synovus (SNV) Chairman and Chief Executive Officer Richard Anthony is presenting at Citis (C) 2010 Financial Services Conference today. The company, which has received TARP funds, hopes to become profitable this year. […]
• Today's Big Losers: CNK, CSR, WG 03/11/2010
  Cinemark Holdings (CNK), announced the completion of the Digital Cinema Implementation Partners financing transactions, which are expected to cover the cost of conversion for a large portion of the Companys US screens. The company said their immediate focus will be on 3D deployments Following the 3D roll-out, they will begin the full digital conversion of t […]
• Downgrades: YHOO, BBBY 03/11/2010
  This morning, Benchmark downgraded shares of Yahoo! (YHOO) from Buy to Hold calling the stock a value trap. While shares could appear attractive at these levels, the firm warns that further losses in market share to Google and Microsoft could make the stock overvalued. […]
• Upgrades: UNM, BA, VECO 03/11/2010
  This morning, Goldman Sachs initiated coverage on shares of the Unum Group (UNM) with a Buy rating. The firm believes Unum is well positioned in the sector for long term growth and as an added value to shareholders, Goldman believes a buyback program could be announced soon. […]