Market Wrap-Up for Dec.11 (TXN, GPS, MMM, FDO, GS, more)


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As the retail investor keeps getting spooked out of investing in stocks (judging by recent equity outflow numbers), we get big up days like today to remind us that sitting in cash can be quite painful for any extended periods of time. Of course, that's assuming you focus only on quality stocks for your investment portfolio.

Despite some rather cautious comments about guidance, Texas Instruments ( TXN ) gained nicely on the day. We also had positive Wall Street analyst calls moving stocks like The Gap ( GPS ) and Occidental Petroleum ( OXY ) higher. As for other well-known brands seeing upward traction on today's spike, the list includes 3M ( MMM ), Goldman Sachs ( GS ), and Accenture ( ACN ), just to name a few. If you are looking for the main reason for today's pop, it isn't in the headlines yet, but there may have well been some whispers of progress regarding fiscal cliff chatter. I'm not sure what else would be moving the indices as strongly for the moment. One notable loser on the session was Family Dollar Stores ( FDO ), down in conjunction with rival Dollar General's ( DG ) cautious earnings outlook.

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If you believe in your ability and have the right financial situation (money and family support), there will never be a better opportunity to swing for the fences than working for yourself.

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The vast majority of people today work for others, and the biggest investment they sit on is a single-family residential home. Even for baby boomers, when you look back and crunch the numbers of money it cost to maintain a home (upkeep, property taxes, mortgage, etc.), you will likely be disappointed by what the overall returns really are (unless you bought in a select few lucrative areas in the country, but not many people did).

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I hear way too many regrets from people I speak to about what they could have done better over the years. To the many out there who may be still willing to situate their lives differently in this ever-changing world we live in (where jobs and opportunities are tighter than we have seen in quite some time), I urge you to consider the path of self-reliance. It's worked very well for me and many others!

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Income, Income, Income

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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 Nasdaq, Inc.

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This article appears in: Investing , Stocks
More Headlines for: ACN , DG , FDO , GPS , GS

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