The market is having a good day so far, but there are plenty of
investors out there that continue to miss out on the gains.
The Investment Company Institute estimates $19 billion has left
mutual funds for the year so far (as of the end of August). In
September, equity funds recorded their fifth consecutive month of
outflows. In contrast, Bond funds took in an unprecedented $376
billion in 2009 and another estimated $216 billion in 2010 as of
the end of August. Despite all the angst surrounding stocks, the
market has continued to defy the skeptics. If you have read many of
my daily newsletters, you know that I am not easy to please and
will rarely ever cheerlead the markets, but stocks are continuing
to work - and performance is all that matters.
We are putting up a new feature on the site every Thursday, with
being the first one of its kind. Each Thursday we will look at our
various proprietary watchlists and sort through the names that are
trading at or near all-time highs and put them in a list to share
with all our premium subscribers. Outside of looking for names that
we feel are becoming a real bargain, this list is what we are using
to find our next recommendations. Of course, the stocks on this
list that have low or minimal dividend yields would only be suited
for "aggressive" investors who are seeking growth over yield. I
hope everyone checks it out!
Back to the markets, Abercrombie & Fitch (
) ripped higher following strong November sales. Financials climbed
as well, with JP Morgan (
), Wells Fargo (
), and Morgan Stanley (
) leading the way. Wall Street upgrades boosted stocks like CME
) and Lowe's (
). One name that stood out on the downside was Kroger (
), following the company's quarterly results out this morning.
My new book, "Be a Dividend Millionaire" should be available
online in February 2011, with a traditional print version to follow
in May. We are working on a new site for the book, which will
contain key details on what you can find inside and how it can be
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