Market Wrap-Up for Apr.19 (GS, TROW, NTRS, NYX, AKS, more)

By Staff,

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The market staged an impressive rebound this afternoon following whispers that the SEC case against Goldman Sachs ( GS ) may not be as strong as first thought.

Investors may be wondering if this is an isolated case, but there could likely be fallout across the financial space. We are significantly underweighted financials so we hope to avoid the brunt of the selling. We will certainly see selling pick up in other sectors and we have just made some dividend recommendation changes to adjust for names that we see as vulnerable to selling. Be sure to check out the link below for the names we have removed. We will continue to make changes we deem appropriate and will keep subscribers updated as to any further changes. A significant pullback could certainly offer some opportunities in names that we have been monitoting for future inclusion to our list of recommendations.

As for today's action, Wall Street analyst upgrades helped shares of Allergan ( AGN ) and T.Rowe Price Group ( TROW ) . Financials were able to turn things around some as Goldman Sachs ( GS ) , Northern Trust ( NTRS ) and State Street ( STT ) finished higher. Wall Street analyst downgrades cast a cloud over shares of NYSE Euronext ( NYX ) and AK Steel ( AKS ) today, with both stocks closing in the red.

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 Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: AGN , AKS , GS , NTRS , NYX , STT , TROW

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