Market Wrap-Up for Aug.19 (INTC, PETM, SPLS, WSM, COF, PNC, more)

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It was not a great day for the markets after a couple of economic data points revealed continued weakness.

Money was running into bonds today, as we saw new 52-week highs being hit. News of Intel ( INTC ) making an offer to acquire McAfee ( MFE ) this morning got an early buzz happening, but the downbeat jobless claims and Philly Fed data released overshadowed the takeover news. Getting back to the takeover, it's interesting for Intel to be getting out of their skin in a sense with this deal. The thought must be the ability to capture a larger foothold with McAfee's corporate Internet security accounts. The deal is certainly not without risk, which is compounded any time a company ventures into a new space. We will be watching shares of Intel closely to see if we spot an opportunity to get back on board - its 3.3%+ yield is intriguing as a leader in its sector.

Elsewhere, earnings in the retail space were numerous today. Some of the winners included PetSmart ( PETM ) , Children's Place ( PLCE ), and Dollar Tree ( DLTR ). On the flipside, we finished with red on the screen for Staples ( SPLS ) , Ross Stores ( ROST ) , and William Sonoma ( WSM ) to name a few.

We saw weakness in the financials today, with Capital One Financial ( COF ) and PNC Financial ( PNC ) leading the push lower. Volume levels pushed higher today as the market closed well in the red. The NYSE traded 4.3 Billion shares, while the NASDAQ traded 2 Billion shares.

We are carefully evaluating our recommended names and are prepared to make changes if need be. If and when we do, we'll be sure to alert subscribers. As always, our Best Dividend Stocks List is your go-to place for dividend investing ideas. See you tomorrow!

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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