Market Focus


Boeing ramped up deliveries in June. The plane maker nearly doubled its deliveries of its 787 Dreamliner, helping it increase deliveries by seven percent from a year earlier. The Dow component says its defense, space and security unit also saw delivery gains. Shares rose a fraction to $128.51.

Walgreen & Rite Aid

Shares of Walgreen and Rite Aid were higher on news sales were up in June. The pharmacy operators reported increased same-store sales, driven by higher pharmacy sales. Investors cheered the news since drugstore retailers’ sales and margins have been pressured by a wave of generic drug introductions. Shares of Walgreen rose more than one percent to $73.98. Rite Aid popped 5.5 percent to $7.57.


Shares of PetSmart soared on news of activist interest in the pet food retailer. The hedge fund Jana Partners has taken 9.9 percent stake in the company and will talk to management and shareholders about a possible sale to improve its performance. The stock was 12.5 percent higher to $67.28.


Advisors to Lululemon’s founder, Chip Wilson have been discussing with private equity firms the possibility of taking the retailer private. According to reports, one of the firms that is in talks with the yoga apparel maker is Leonard Green & Partners. That sent shares up nearly three percent to $42.60.


Google’s removal of some search results in Europe is being criticized as press censorship. The most recent article set to be removed and getting the most attention is a 7-year-old blog post criticizing former Merill Lynch CEO Stan O’Neal, Google says individuals have the right to request the removal of certain links in Europe. Despite all that Google class A shares rose a fraction to $593.08.

Lorillard & Reynolds American

Big tobacco companies Lorillard and Reynolds American may be merging by the end of the month, according to reports. The companies have not fully negotiated terms, but are said to be just a few weeks away from a deal. Shares of Lorillard jumped on the news, up five percent to $64.41. Reynolds American rose more than two percent to $61.56.

Manpower Group & Robert Half International

The good jobs report also helped send certain stocks higher. Shares of staffing companies Manpower Group and Robert Half International both rose on the upbeat employment picture. Manpower rose more than one percent to $86.15. Robert Half was also one percent higher to $49.01.

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