Market Wrap-Up for Dec.3 (WAG, PVH, BTU, DD, COST, more)

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With this morning's jobs' number worse than expected, we could likely see the Democrats and Republicans align on extending the "Bush Era" tax cuts. This could lead to the capital gains tax rates remaining the same, also good news for dividend payouts as well.

Well-known bond guru Bill Gross of PIMCO was on the wires earlier, saying the Federal Reserve will likely be unable to raise interest rates for several years. Income investors will need to be alert to this continuing trend and look for the best investment vehicles that will take the place of savings accounts and CDs. The good news is you'll need to look no further than dividend-paying stocks as a great source to help your current retirement/wealth goals.

Taking a peek at today's action, the averages were able to muster late gains following the weak monthly unemployment report. Phillips-Van Heusen ( PVH ) traded lower following the company's earnings results. Safeway ( SWY ) was also lower on a negative analyst call. Walgreen Co. ( WAG ) was up on solid November sales data. Also higher were shares of Dupont ( DD ) and Peabody Energy ( BTU ), following bullish analyst commentary. Gold and oil prices pushed higher on the weak economic data from the morning as well.

Looking ahead to next week, earnings will be continue to be light, with notables such as Costco ( COST ) and National Semiconductor ( NSM ) coming out with earnings results. Be sure to catch up with our latest watchlist updates, including the new reports on earnings/story stocks, analyst upgrades/downgrades and how those names performed on the week. All that will be available this weekend on Dividend.com Premium , and as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List.

Have a great weekend everybody, and thanks for reading!

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: BTU , COST , DD , NSM , PVH

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