Market Wrap-Up for Aug.2 (FCX, CLF, BHP, BEN, MA, V, more)

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What an amazing start to the week! The catalyst for today's early 180+ point rally was actually the strong European markets and really nothing else.

Commodity-related shares got a big boost in today's trading. Shares of Freeport McMoran ( FCX ) , BHP Billiton ( BHP ) , Cliffs' Natural Resources ( CLF ) were all flying higher. Some of the stronger names from last week continued to ride higher once again, including Franklin Resources ( BEN ) and Public Storage ( PSA ) . Interestingly enough, Visa ( V ) and MasterCard ( MA ) headed opposite direction, which has not been the usual case recently. Both of these financial plays have tended to outperform the rest of the sector. Volume was once again mediocre on this big gain for the markets. Market experts continue to poo-pooh the accumulation/distribution factor and we are having a tough time getting super-bullish here if the volume trends remain the same.

A couple of things I wanted to pass along to our readers that we are carefully following, and what we hope our site is going to be able to be of assistance with. According to a recent study by the Employee Benefit Research Institute, nearly half (47%) of early baby boomers aged 56 to 62 are at risk of outliving their retirement savings. Late boomers (46 to 55) and generation Xers (36 to 45) are also at a huge risk - 43% and 45% of those groups, respectively, will be unable to afford the growing cost of retirement.

I am very aware of these dangers that are building out there, not to mention the uncertainty surrounding Social Security and its ability to be there for many of us when the time comes. It's time to not leave much to chance, so we are hoping our readers become firm in their stance to not let this happen. A great way to ensure your retirement savings doesn't run short is to invest on a consistent basis in high-quality dividend-paying stocks. We feature our "Best Dividend Stocks" list, where we believe investors can look to when looking to initiate or add to existing positions. If we remove a name from our list, that means we do not recommend putting new funds in that particular name at this current time. If we feel a stock is in real danger, we will sound the sirens with a "Sell" call, which is very rare (as we did with BP plc ( BP ) ).

We'll keep subscribers alerted to any further changes in our recommendations as they happen. Keep your head straight and don't look for any "get rich" detours. Way too many have ventured, only to see capital disappear not too long afterward. It's one thing to invest in yourself (such as starting a business), but always stay away from the penny-stock magic and get-rich quick options' seminars. For the most part, the only ones making money there are the brokers.

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.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: BEN , BHP , BP , CLF , FCX , MA , PSA , V

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