The markets finished the day slightly negative and once again in a small range. The Dow 30 closed lower by 6, the S&P 500 lost 1, and the Nasdaq 100 lost 1 as well. Next week while the attention will likely stay on the Syrian conflict, traders are also looking towards a speech from Janet Yellen along with Consumer sentiment numbers due out later in the week.
Walmart (NYSE: WMT) was a winner in the retail space today as the Telsey Advisory Group announced it would upgrade the stock from market perform. They also raised their price target by $9 to $82 share. The analysts note shared that "Walmart appears to be regaining its dominance in the physical retail market, and it's online sales are also showing strength." The upgrade sent shares to new highs on the year today and technical traders noted the close near the highs of the day as well.
Ruby Tuesday (NYSE: RT) suffered another blow today losing over 5% when the struggling restaurant chain announced its quarterly report that once again showed declining revenue. This marks the 19th straight quarter of revenue declines. The company also named a new CEO. Last month, Ruby Tuesday said it was exploring a potential sale or merger and its likely that option is still being pursued.
Special note: Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT), both enjoyed healthy gains today following the Syrian missile strikes that occurred last night. Raytheon makes the missiles that were used in the strike.