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Morgan said it plans to use the funds to help pay off its government TARP debt. The banking giant received $10 billion in federal funds during the credit crisis last year.

Exactly when the government will allow banks to pay off their TARP debt remains a mystery. Morgan said it hopes to be able to pay back the money by the end of June.

Morgan Stanley shares fell $1.07, or -3.6%, in Tuesday morning trading.

We removed shares of MS from our "recommended" list back on Aug. 12, when the stock was trading at $45.39. The company has a dividend yield of .90%, based on last night's closing stock price of $29.89.

The stock has technical support in the $22-$25 price area. If the shares can continue their recent ascent, we see the next level of overhead resistance around the $35 price mark. We would remain on the sidelines for now.

Morgan Stanley is not recommended at this time, holding a DARS Rating of 3.3 out of 5 stars.

Walgreen Says Same-Store Sales Rose 1% in May

Drug store chain Walgreen (WAG) said Tuesday that May same-store sales rose 1%, helped by higher pharmacy sales.

The Deerfield, Ill.-based company said that overall same-store sales rose 1% last month. Same-store sales are considered a key indicator of a retailer's health, since they measure the performance of stores open at least one year.

Walgreen also said that total pharmacy rose 6.3% in May, with same-store pharmacy sales rising 1.5%. Overall, pharmacy sales represented about 65% of the company's total sales revenue.
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AXP $77.14 0.68%
CAM $65.94 1.30%
MS $32.97 1.90%
WAG $81.65 2.05%
NTG $18.44 0.88%


Chart of I:DJI
DOW 16,877.21 +87.02 0.52%
S&P 500 1,990.23 +10.31 0.52%
NASDAQ 4,778.6240 +30.2630 0.64%

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