Monday, September 30, 2013

Market Wrap-Up for Sept. 5 (WAG, LTD, CPB, DE, more)

Out of the gate today, stocks rose mostly higher, as investors went into buy mode following the release of a number of economic indicators that beat analysts’ estimates. However, that bit of euphoria soon wore off and stocks came back to earth, especially as the yield on the 10 Year U.S Treasury Note started to close in on 3.00%. By the close, the major indices were just able to squeak out gains.

Stocks on the Rise

Among the stocks that closed in positive territory today were Alliant Technologies (ATK), Carlyle Group (CG), and Kaydon Corp. (KDN), after these companies announced various acquisitions. Walgreen Company (WAG) shares rallied as well, following its release of better-than-expected August sales.

Furthermore, Omnicom Group (OMC) and Humana Inc. (HUM) shares rose into positive territory following Wall Street analysts’ upgrades.

Stocks on the Decline

In contrast, shares of L Brands (LTD

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