Douglas Emmett (DEI) was upgraded today at Bank of America/Merrill Lynch (BAC) from neutral to buy with a price target of $26 due to an improved view of the market. Shares are higher by over one percent.
Daily Dividend Report: UNF, RPM, SSS, OZRK
Unifirst Corporation (UNF) maintained its quarterly dividend of 3.75 cents per share. The dividend is payable on October 1, 2012, to shareholders of record on September 10, 2012.
Tuesday 7/3 Insider Buying Report: WSM, GCO
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
Tuesday Sector Leaders: Paper & Forest Products, Metals & Mining Stocks
In trading on Tuesday, paper & forest products shares were relative leaders, up on the day by about 5.5%. Leading the group were shares of Verso Paper (VRS), up about 62.4% and shares of Mercer International (MERC) up about 7.2% on the day.
Why Rising Corn Prices Matter to Your Bottom Line
The Daily Ticker’s Daniel Gross talks to Terry Roggensack about the impact of rising corn prices.
Analyst Moves: KKR, STI
KKR & Company (KKR) was upgraded by Oppenheimer (OPY) from perform to outperform with a price target of $18, as the company has made substantial progress in investment monetization. Shares are higher by about 2.6 percent.
Daily Market Wrap: July 2, 2012
Signs of weakness from the manufacturing sector prompted the markets to add to their losses this morning but turned mixed later in the day. The US ISM manufacturing index fell unexpectedly to 49.7 in June, while economists were expecting a reading of 52.0.
Monday 7/2 Insider Buying Report: BGCP, NRP
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.
Daily Dividend Report: T, AFG, LNCR, WSO, AYI
AT&T Incorporated (T) maintained its quarterly dividend of 44 cents per share. The dividend will be payable on August 1, 2012 to shareholders of record on the close of business on July 10, 2012.
Monday Sector Leaders: Music & Electronics Stores, Education & Training Services
In trading on Monday, music & electronics stores shares were relative leaders, up on the day by about 1.6%. Leading the group were shares of Best Buy (BBY), up about 8.5% and shares of HHgregg (HGG) up about 1.5% on the day.
