Market Wrap-Up for Dec.14 (BBY, WHR, GS, JPM, BCR, more)

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The market had an early positive bias as we waited for commentary from the Federal Reserve at 2:15pm EST today. The market wasn't expecting any surprises and the reaction afterward was fairly subdued.

Anyone that likes to keep a percentage of their portfolio dedicated to active/trading ideas should watch today's video where Tom and I discuss how investors could profit from investing with the herd and when it may be time to leave the party. Our main focus is of course dividend stocks on our site, but I will share any good nuggets I learned from my trading days that can help active investors as well.

I read another potentially bullish data point from Market Rates Insight today. The company summarized recent data from the Department of Commerce and the Federal Deposit Insurance Corp., reporting deposits in domestic branches of FDIC-insured banks reached an all-time high of $7.74 trillion, an increase of $1 trillion since October 2007, when they totaled $6.74 trillion. People are indeed saving and that's a great thing. Now here's the bullish part: at some point, money sitting in cash could certainly begin looking for a better home. With older demographics developing here in the U.S., investors will be searching for yield and income. This will certainly be a positive for high quality dividend-paying stocks, and could be a great foundation for investors to see solid returns in dividend stocks for years to come.

Looking at today's action, this morning's earnings miss from Best Buy ( BBY ) surprisingly did not spread to many other retailers. Financials did pull back some after the Fed meeting notes were released. Goldman Sachs ( GS ) and JP Morgan ( JPM ) pushed lower. On the flip side, Wall Street analyst upgrades for C.R. Bard ( BCR ) and Covidien plc ( COV ) helped both stocks finish nicely higher. There was also a rise in shares of Whirlpool ( WHR ) on the back of some takeover rumors making the rounds.

The website for my new book "Be a Dividend Millionaire" due out in 2011 is up. Please check it out at DividendMillionaire.com for more info. And as always, check out our industry-leading Best Dividend Stocks List for the top dividend names to put money into right now.

Thanks for reading, and 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: BBY , BCR , COV , GS , JPM

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