Market Wrap-Up for Apr.23 (AXP, LEN, SLB, IR, CAT, MMM, TXN, more)

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The market continues to defy many of the so-called market experts as well as those who are trying to figure out where the capital is coming from to do all the buying.

It is always tough to ever get a clear handle on the money that is going in and out of the markets exactly, but there has been a sense that the retail investor may be missing the bulk of the run. One of the things that business television loves to focus on is "the trade", as many have abandoned any thought of long-term investing. Fortunately we haven't given up the thought, but we also know that you have to "prune the garden" every once in a while and freshen up what may no longer be alive.

We are keeping a sharp focus on the data that we receive and will be certain to keep investors in the loop of what we are seeing and what changes we will be making to our recommended list.

Looking at today's market, some of the earnings highlights included names like American Express ( AXP ) , Schlumberger ( SLB ) , and Eastman Chemical ( EMN ) closing on the upside, while Bucyrus International ( BUCY ) , Ingersoll-Rand ( IR ) and Baxter International ( BAX ) head in the opposite direction. Homebuilders are showing life again, with Lennar ( LEN ) moving up. Volume finished at 5.32 Billion shares traded on the NYSE, and 2.34 Billion shares traded on the NASDAQ.

As we set up for next week, we will be awaiting earnings results from the likes of Caterpillar ( CAT ) , 3M ( MMM ) , Metlife ( MET ) , and Texas Instruments ( TXN ) just to name a few. Be sure to check out this weekend's latest updated Dividend watchlists seen only on Premium.

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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