Market Wrap-Up for Aug.29 (HNZ, BF-B, JOY, WLP, SCHN, more)

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A revised higher quarterly GDP estimate and better-than-expected pending home sales numbers attempted to get investors jubilant, but the lackluster volume could not keep the midday momentum strong enough to close near the highs.

Earnings results helped shares of Brown-Forman ( BF-B ) gain ground throughout much of the session. H.J. Heinz ( HNZ ) gave back some of yesterday's pop as the company reported results that beat on the EPS side , but missed on revenue estimates. Joy Global ( JOY ) shares were able to bounce o 52-week lows to close higher following their ho-hum results.

Elsewhere, we saw stocks like Eaton Corp ( ETN ) and Schnitzer Steel ( SCHN ) finishing in the red following cautious Wall Street analyst calls. Finally, a CEO resignation helped shares of Wellpoint Inc. ( WLP ) to gain over 7% on the day. You don't often see that type of reaction with a change at the top.

"The Hill"

I recently saw a clip of Hall of Fame football great Jerry Rice that talked about work ethic, and how he still practices the same workout routines now at the age of 50 as he had done during his playing days. His routine involves running up a steep 2 and 1/2 mile hill each day. Rice talked about how the first time a former teammate, Roger Craig, introduced him to the hill, and how he could barely finish the run. He'd never felt so exhausted from a workout. It was at that point he was hooked into beating "The Hill."

Not only did Mr. Rice beat The Hill - he continues to do so to this day. This sort of work ethic mirrored his overall approach to the game of football. From reporting to camp early, when the rookies did (which most veterans/non-rookies almost never do), to sitting in on special-teams meetings (realizing how important their role was to winning), and just always being in the best shape he could be in, Rice's example resonated to his teammates and was no doubt a big part of his teams winning 3 Super Bowl titles. Rice owns countless NFL records that may never be broken, and continues to practice his daily physical routine of being in the best shape ever. His continued approach has likely translated into numerous successes off the field as well.

We all have our own approach to how we go about our business, whether it concerns your career, investing, personal life, or anything else. Each day we decide what we are going to commit our attention to. As a kid, my biggest love was sports, and watching any and every game I could on television, so that I can take some of the lessons I learned watching to the field of play with my friends and in the leagues I participated in. As I got older, I became inquisitive about business, seeing the success my dad had in his ability to make a living on his own. Plenty of my other relatives went the self-employment route as well and fared quite nicely. I watched what they did with their money, as some were more aggressive than others. There were hits and misses, but the idea of just being able to swing the bat at what you wanted, whenever you wanted, was my first taste of what financial freedom could look like.

Those lessons learned back then have stayed with me through today, and I hope will continue with me for the rest of my life. My priorities have changed throughout the years and I have had to make choices that I just wish I had more time for. As big a sports fan as I am, I've still never played in "fantasy" sports leagues. I've always considered doing so, but I barely have time to catch up with some of my favorite television series/shows. You see, I like to keep a tight handle on what my daily routine involves. Trying to maintain a semblance of balance with work, family, investing, and everything else is a constant challenge.

To be able to pull away from the pack, we may not have as much time as others make for leisure activities. But that's not a bad thing. In fact, I would implore anyone reading this to take that first step to setting up a different itinerary from your inner circle if you are looking to successfully break out. You don't need to jump on every invitation to spend three hours at the ballpark watching your favorite team. Rather, consider how you can user those three hours to educate yourself on how to get closer to financial freedom, building wealth, or whatever your ultimate desire is.

My co-founder Tom Reese and I dedicated over half a year building Dividend.com, going at it seven days a week with no pay, just to put up a site we felt would be the best dividend-focused site in the world. We could have tried to raise money from investors for it, and wouldn't have had to worry as much about the day-to-day expenses, but then we may not have had the same runway we needed to build the right concept for our business.

Life is about choices and about work ethic. The lessons you learn here and the investment ideas we share is just one part of it. We're just happy to be a part of your journey.

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We want to make sure everyone understands that the stocks on our Best Dividend Stocks List are the names we currently like for new investor capital, regardless of what date the stock was first recommended on. If and when a stock is removed from the list, we will clearly state whether the stock should be sold (which is rare but occasionally will happen), or simply held in one's account until we see a better entry point or catalyst.

And here's one last thing to remember about what we do here at Dividend.com: it's not just the names that we recommend that can help you build wealth, but also the things we try to steer you away from that are just as important. Forget about speculative or penny stocks, chasing unprofitable IPOs, and listening to the manic talking heads in the business media!

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Thanks for reading everybody. I'll 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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This article appears in: Investing , Stocks

Referenced Stocks: ETN , HNZ , JOY , SCHN

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