Market Wrap-Up for June 28 (MO, RAI, PEP, JNJ, CLF, X, more)

By Dividend.com,  June 28, 2010, 04:11:33 PM EDT

We started to have some window dressing on Friday, but sellers took some of the sizzle away in the afternoon. Today ended up being a very similar case.

Looking at today's tape, we saw a big pop in tobacco plays after the U.S. Supreme Court rejected the Justice Department's bid for as much as $280 billion in tobacco company profits, refusing to hear an Obama administration appeal. Companies like Altria Group ( MO ) , Reynolds American ( RAI ) and Lorillard ( LO ) all moved nicely higher. Other names doing well today included Pepsico ( PEP ) and Johnson & Johnson ( JNJ ) .

Commodity-related shares were dragging the indices lower for much of the day. Plays like Massey Energy ( MEE ) , Cliff's Natural Resources ( CLF ) , and U.S. Steel ( X ) did their share of the damage. The dividend yields of these companies are below average and make them unattractive.

Hope everyone had a great weekend as we get set for another week of action. It's a regular schedule this week, but the market will be closed next Monday, July 5 to honor the 4th of July holiday.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: CLF, JNJ, LO, MEE, MO, PEP, RAI, X



Latest News Video

Man, Not Economy, in Crisis, Says Pope
Man, Not Economy, in Crisis, Says P...
Chileans March For Marijuana Legalisation
Chileans March For Marijuana Legali...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%