Market Wrap-Up for Apr.13 (BA, TYC, MA, COH, RL, WYNN, more)

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The market was a bit all over the place, but traders managed to get the indices to close in the green by the end of the day.

Buyers showed up in the luxury part of the market, with Polo Ralph Lauren ( RL ) and Coach ( COH ) rallying. That went hand-in-hand with the rally we saw in credit card plays, Visa ( V ) and MasterCard ( MA ). Casino play Wynn Resorts ( WYNN ) also ran higher. These are super low-yielding dividend plays that are quite volatile and are not the best candidates for an investor looking to add dividend yield/income in one's investment portfolio. They are better suited for the active investor/trader who is looking for bigger price swings.

Bucking the rally were shares of Boeing ( BA ), which was down on an analyst downgrade. Interesting action in shares of Tyco International ( TYC ) today as the rumored buyer for the company denied serious interest, but the stock did come off the lows of the day. This will be an interesting name to watch in the weeks ahead. The potential buyer certainly doesn't want competitors joining the bidding as well. That's the funny thing about rumors sometimes. Stories sometimes leak, but investment bankers seriously don't mind it as their job to find a seller as many interested parties as possible. Leaks can sometimes backfire as well if the interested party decides they will walk. M&A is far from a sure thing and investors need to pay attention to these situations closely, especially if you own the shares.

Have you ever considered writing down what your system should be when it comes to building wealth? One of the biggest things that is hard for many to do when it comes to reaching a goal is remaining accountable. The hunt for the "solution" is always exciting when you are searching for the "secret" to becoming rich. There are scores of programs in the marketplace today that are designed to get one started on building wealth, but the thrill is usually gone when the books and DVDs arrive. The world is full of starters, but the prize goes to those who are finishers. If you are stuck at the start (I would equate that to not having an online brokerage account opened yet), you need to put together a checklist of what your routine needs to be to make the "magic" start to happen.

The simple task of writing your routine down is what can get you beyond just staring at the screen and watching the stock ticker and reading through our Best Dividend Stocks List . Put a checklist together of things that need to be put in place. Many of the processes are one-time events, like opening a brokerage account or automating how much money will go from your weekly salary or savings account into your investing account. You should then pick a day where you will go to Dividend.com and target the dividend names stocks you will be buying for that particular month. Put them in your custom watchlist and add your portfolio holdings in there as well. The goal at a minimum should be to buy one stock per month. Within a year you can have the 10-12 dividend stocks that can make up the initial core of your holdings. I'll have more to discuss about what else can be added to a checklist and we'll dig further into what should become part of your wealth-building routine.

I have to share a comical and super-ironic moment I had on a recent radio interview. The host of the show asked me about my notes regarding the "day-to-day" noise of the media and how that affects one's approach to investing. Just as I was digging into the meat of the matter, the music started up in the background and the host quickly told me it was time to wrap. We all know the drill when it comes to the media - gotta wrap, thanks for coming on, when we come back - "Are commodities in for a crash - we'll have two guests on that will debate this hot topic". Talk about comical and ironic! It's all about traders now, while real investors take a backseat. All these issues are certainly things I am thinking about as we continue to make Dividend.com a highly-trusted brand in investment research. Our team is doing lots of improvements in the data we have and are listening to all the suggestions from our readers on what they would like to see.

Thanks for reading, and I'll see you tomorrow! P.S. Please pass this e-mail on to someone you think can use some financial motivation as well as being kept in the financial news loop that could affect them. Thanks again! And thanks for supporting my "Be a Dividend Millionaire" book - be sure to pick up your copy on Amazon today!

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.

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This article appears in: Investing , Stocks

Referenced Stocks: BA , COH , MA , RL , TYC

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