Market Wrap-Up for Apr.29 (BMY, K, BP, SPG, VNO, MJN, more)

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The markets ripped higher as we saw growth-related stock plays spike higher on better-than-expected earnings results.

There were also some nice price movements in dividend plays like Mead Johnson Nutrition ( MJN ) , Kellogg ( K ) , and Bristol-Myers ( BMY ) which all reported solid numbers as well. There was a huge intraday drop in BP PLC ( BP ) that we sent a special alert out on, so be sure to check out the e-mail or post here .

REITs pushed higher with names like Simon Property Group ( SPG ) , Equity Residential ( EQR ) , and Vornado Realty Trust ( VNO ) nicely in the green. This is a sector that we have been underweighted in to a bit of fault. We certainly did not expect the companies to shooting higher as if they have become momentum names themselves. Our sense is that part of the move could certainly be related to short-sellers overstaying their welcome last year and perhaps getting caught fighting the tape. Either way, we will look to increase our exposure over time as the opportunities present themselves.

For those who may not have noticed, we have brought back a cool feature called "Dividend Portfolios" that can separate the names that are on our recommended list to fit your investing style. Click on the Dividend Stock Ratings tab and click on the "Dividend Portfolios" drop down window to check it out!

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: BMY , BP , EQR , K , MJN , SPG , VNO

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