Market Wrap-Up for Dec.6 (BKS, FCX, MEE, FDX, YUM, more)

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For property owners that have been watching the story of rising and falling home values, there is no better time than now to look into getting your property taxes reduced.

A recent report from the National Taxpayers Union finds that up to 60 percent of U.S. homes are over-assessed. The study also finds only about 5% of homeowners have gone through an appeal process. It always makes sense for you to review your records to be sure there are no errors that could be costing you money (mistakes such as miscalculating the number of beds/baths, etc.). Another thing you want to do is check comparable homes that had recently been sold in your neighborhood, to see how prices are tracking and how that compares to your current assessment. You may be sitting on a decent windfall from reduced property taxes that you could be putting to work in high-quality dividend-paying stocks.

Looking at today's market, investors are coming out of the gate a bit slowly. We're seeing lots of chatter about Fed Chairman Ben Bernanke's appearance on CBS' 60 Minutes program, in which he said the Federal Reserve is ready to do whatever it takes to prevent the U.S. economy from turning down once again.

It was a mixed start for the week with some plays seeing red, such as FedEx ( FDX ) and Yum Brands ( YUM ). Commodity names Freeport McMoran ( FCX ) and Massey Energy ( MEE ) rose on continued interest from traders. Barnes & Noble ( BKS ) saw an early pop on a potential private equity/Border's Group bid. Interesting to see the bid, as I am trying to picture where the new growth will come from in the book retailing space. There is certainly room for one big book retailing play, but without growth, the purchase seems to be about consolidation, cutting stores and employees, and really what else?

For investors/traders that have ever thought about short-selling, be sure to check today's video from Tom and myself on this very fascinating and super-tough way to make money.

I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles - we've added three new features and will be highlighting some of the biggest winners and losers from the week that was, in regards to analyst upgrades, downgrades, as well as earnings/story stocks.

If you're newer to our site, you'll also want to view our "How to Use Our 'Best Dividend Stocks' List" video below. 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: BKS , FCX , FDX , MEE , YUM

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