Market Wrap-Up for Feb.13 (UTX, IR, GWW, PH, EL, more)

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The markets started the day strongly following the approval of the austerity package voted on in Greece over the weekend. The buying continued for much of the day as investors are hoping the latest measures overseas turn the economic tide higher.

Wall Street analyst calls made up the bulk of today's bigger headline movers. Moving higher on positive analyst commentary were shares of United Technologies ( UTX ) ( more here ) and Ingersoll-Rand ( IR ). The buying carried over to other names in similar sectors such as W.W. Grainger ( GWW ) and Parker-Hannifin ( PH ). On the flipside, we saw a bit of red in some negative commentary as well, specifically in shares of Estee Lauder ( EL ) ( read more ).

New Dividend Stock Recommended Today!

We just upgraded a new dividend stock this morning onto our industry-leading Best Dividend Stocks List . Be sure to check out our post detailing the upgrade if you haven't already.

Quick note: if the stock is moving up too quickly following a recommendation, it may be best to wait for a pullback. Investing is a marathon, not a sprint!

Becoming Fearless

The pro basketball world, especially in New York, has been going bonkers over the recent performances from young Knicks point guard named Jeremy Lin. Lin is the first NBA player of Taiwanewse descent, and is the first player from Harvard to play in the NBA in over half a century. But here's the thing: he was signed by the Golden State Warriors in 2010 and was later released, then picked up by several other teams, only to be cut time and time again.

The Knicks claimed Jeremy Lin off waivers in the second week of December, and only after several key players suffered injuries did he finally get his chance to start some games. Well here we are, five games later, and he's led the team to five straight victories. Lin even scored 38 points in Friday night's win over Kobe Bryant and the Los Angeles Lakers. It's quite an amazing story. When Knicks head coach Mike D'Antoni was asked to describe Jeremy Lin, without hesitation, he uttered a single word: "fearless."

Jeremy Lin became fearless after failing several times to secure a spot on an NBA roster. At a certain point, he had to decide just how badly he wanted to be a professional basketball player. How much longer could he continue to make the sacrifices needed to follow his dream?

As another example, my daughter recently entered an ergathon rowing competition for her high school crew team. She isn't quite as tall as some of her teammates, so she's been working out as much as she can to gain the stamina and core strength to be able to compete at a high level. She confided in me that whenever she gets to the point of feeling nausea (which tends to happen quite often to athletes that compete in an ergathon), she begins to let up, hurting her finish time in the process. I told her that she will need to push through that mental hurdle if she is going to get to the next level. Sometimes you will need to suffer the cuts, bruises, or the reality of what Jeremy Lin of the Knicks has gone through, before you realize what it will ultimately take to make it.

Anyone who is out in the world right now battling to make a name for themselves and stand out in their field of employment can tell you it takes an effort above and beyond the norm to get noticed. If you find yourself in that spot and the success you want has been eluding you, consider adopting a fearless mentality. Don't be afraid to reach back for the extra something we all possess deep down inside.

Retail Investor Elasticity

Retail (mom and pop) investors have a lot to think about when it comes to developing an investing game plan. The key is finding a successful strategy, such as putting money into dividend-paying stocks monthly, and sticking to it. This practice will allow investors to harness the power compound interest. Accordingly, they should also focus on their core foundation foundation by getting the most out of their professional career, which is the root of where most money will come from.

Now comes the things investors should avoid. I urge you to avoid jumping in and out of markets, chasing the latest hot market fad, or try your hand at day trading. Just like a rubber band that will snap the more times you try to stretch it out, you can snap your finances back several years if you get too aggressive.

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I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles , including new features that highlight some of the biggest winners and losers from the week that was, such as analyst upgrades/downgrades and earnings/story stocks. These articles are a great way to catch up on the week that was in the markets. We also have a rundown of how various Dividend ETFs performed on the week.

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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: EL , GWW , IR , PH , UTX

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