Market Wrap-Up for Jan.3 (GS, MS, BAC, CLF, X, CNX, more)

By Staff,

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I hope everyone had a great New Year's weekend as we got back to business on this Monday.

We got right to it this morning as we added eight new dividend plays to our Best Dividend Stocks List . Be sure to check out the post if you did not read the e-mail alert we sent out earlier today. We spent a lot of time this weekend enhancing our own database so we can continue to find the best dividend-paying stocks for investors to consider putting on their radar through our weekend premium watchlists as well as our recommended list.

I'm also hoping everyone out there is coming into 2011 with a plan to build that long-term wealth we are always harping on. There are many obstacles out there as we all get older and approach our retirement years. It's time to get your financial house in order and get control over your personal finances. If you haven't done so, please check out the premium "Learn to Be Rich" section, which has tons of ideas on how you can save more money, which can then be put to work in your investment portfolio.

The site is loaded with tons of tools for everyone to ensure they can build a portfolio that can generate substantial dividend income. Compound interest is the key to a huge nest egg, and there is no better way to do so than through dividend-paying stocks.

Last week I mentioned personal finance guru Suze Orman was talking positively about dividend income as a key source for investors to make up for the minimal returns offered through banks. Check out the video link of Suze going into detail on dividend-paying stocks and ETFs.

Getting back to the markets, it was a great start today for financials as Goldman Sachs ( GS ), Morgan Stanley ( MS ), and Bank of America ( BAC ) lead the charge. Also charging out of the gates in 2011 are commodity plays, led by Consol Energy ( CNX ), Cliffs Natural Resources ( CLF ), and U.S. Steel ( X ).

We look forward to another solid year of returns for dividend-paying stocks, so be sure to follow us on our daily mission to find the best names to consider when you are looking to put money to work.

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 Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: BAC , CLF , CNX , GS , MS

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