TODAY'S CHARTS: Boeing boosts Dow; Comcast backs off Fox bid; Urban ups guidance

Justine Underhill
·Reporter

Shares of Boeing (BA) are climbing as it hands out more profits to investors. The aerospace giant boosted its quarterly dividend by 20%, to $1.71 a share, and authorized $18 billion in share buybacks, up from the $14 billion program put in place a year ago.

Comcast (CMCSA) is trading almost 2% higher after announcing it is no longer bidding for most of the assets of Twenty-First Century Fox. That leaves Disney as the sole suitor for the potential $40 billion deal.

Urban Outfitters (URBN) shares are up over 2%. The retailer reported that its fourth quarter got off to a strong start, with same-store-sales running ahead of expectations.

Tenet Healthcare (THC) is surging 8% on an upgrade to Buy at Citi. Analyst Rob Giacobbe expects a boost from the firm’s strategy in divesting hospitals and sees possible tax-cut benefits.

Coty (COTY) shares are also higher on an upgrade to Buy at Citi, with analysts citing positive progress in the beauty products maker’s turnaround.

Shares of the The Michaels Companies (MIK) are sinking on a downgrade to Hold at Deutsche Bank. Analysts cited concerns over valuation, an uneven sales trend and weak same-store sales.