Dividend Market Wrap for July 20 (IBM, TXN, PEP, HOG, STT, FCX, CLF, more)

By
A A A
Share |

As we dig into the barrage of earnings that have started coming our way, we see that analysts are having a tough time trying to tiptoe around where companies' future earnings estimates should be set at.

Currency fluctuations (which we warned readers about several weeks back) were like an anvil that came crashing down on Tupperware's earnings today, as well as the company's weak projected outlook. Besides currency issues there are other factors at play. At some point, companies need to justify stock price growth with growth with growing revenues. Legendary basketball coach Pat Riley would always say, "No Rebounds, No Rings." Well, the same concept applies to the stock market: "No Revenue Growth, No Price Appreciation."

Taking a peek at today's action, we saw earnings hit shares of IBM Corp ( IBM ) , Texas Instruments ( TXN ) , and Zion's Bancorp ( ZION ) . Companies bucking the early drop were Pepsico ( PEP ) , Harley Davidson ( HOG ) , and State Street ( STT ) , all of which traded nicely higher following their results. Commodity-related stocks are back to seeing some bottom-fishers today. Momentum traders adopted many of the volatile plays in the recent years, and continue to be attracted to the volatility in the shares. Names leading the snapback charge included Cliff's Natural Resources ( CLF ) , Schnitzer Steel ( SCHN ) , BHP Billiton ( BHP ) and Freeport McMoran ( FCX ) . Volume came back off of yesterday's low levels, but we are still logging unimpressive tallies on up days, as opposed to stronger volume on down days.

We are looking at our dividend recommendations as well as companies on our watchlist for possible ratings changes, so be sure to look for any alerts we send out in the event the Best Dividend Stocks list is updated.

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.

Created by Dividend.com


This article appears in: Investing , Stocks


Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

Most Active by Volume

48,099,947
  • $16.09 ▲ 0.50%
40,277,806
  • $102.50 ▲ 0.24%
40,236,499
  • $19.57 ▲ 2.35%
31,092,510
  • $49.75 ▲ 0.65%
30,795,218
  • $34.92 ▲ 0.78%
29,910,855
  • $3.63 ▲ 0.83%
24,019,154
  • $13.06 ▼ 0.38%
23,753,906
  • $74.82 ▲ 1.31%
As of 8/29/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com