The markets drifted for much of the morning but sellers quickly
moved in following the release of recent Federal Reserve minutes.
Calmer heads did prevail as the indices did manage to close off the
lows of the session.
Gold mining shares continued to move toward the 52-week low
today's cautious news
out of Goldcorp (
) have investors exiting the sector once again. Some of that money
could be going into energy stocks, as oil supply numbers reported
today were more favorable. Winners there included Chevron (
), Conoco Phillips (
), and Exxon Mobil (
). We are still not sure about oil prices being able to sustain
strength if economic conditions continue to stagnate.
Elsewhere, cautious Wall Street commentary had shares of Waste
), Dupont (
), and Estee Lauder (
) moving down early on. Finally, shares of Best Buy (
) got hit hard as one of its main competitors - HHGregg Inc.(
) missed badly on their earnings report.
We're closely monitoring all the latest earnings developments
and keeping an eye on valuations in our continued effort to make
Best Dividend Stocks List
is up-to-date for investors looking to deploy new capital. As
you've probably noticed, we've been holding off a bit lately on new
As we enter the heart of the third quarter earnings season next
week, we expect our level of activity to increase where we see
opportunity. Outside of the daily bailout/austerity headlines, the
earnings news we have heard from the likes of Nike (
) and Alcoa (
) haven't gotten us too excited. We expect a negative currency
effect from the strength of the dollar to impact some key names
we're watching, so we'll have to keep our pencils sharpened as far
as estimates are concerned. In the meantime, patience is our best
friend (as it usually is when it comes to smart dividend investing
Media Impact Fading (That's a Good Thing!)
In what seems like an inevitable trend, Americans' confidence in
television news is at a new low by one percentage point. A recent
study showed that only 21% of adults expressed "a great deal" or
"quite a lot" of confidence in TV news. This level marks a decline
from 27% last year and from 46% when Gallup started tracking
confidence in television news in 1993.
My frustration with the media, especially on the business side,
has been showcased often during my daily newsletter briefings.
While a few experts on TV still deliver relevant information over
the airwaves, for the most part, it is mostly noise and forced
When it comes to making money over the long-term, the "instant
results" generation is at a huge disadvantage. Most of the focus
today (thanks to the business media) is on checking your financial
scoreboard frequently. As a result, many modern market watchers are
more like gamblers than real investors. It's gotten to the point
where most people will simply ask "What did the market do today?"
to get a gauge on what direction stocks may be going.
Here at Dividend.com, we try and avoid the many pitfalls of the
mainstream media. Our single goal is delivering consistent results!
If you want to be entertained, though, I suggest taking in a movie
or watching a sports event. Don't put entertainment very high on
your list when it comes to stock market coverage. Your portfolio
will thank you.
Beat The Markets with Dividend Stocks
eBook Has Arrived!
We just debuted our brand new 275-page eBook, exclusively on
Dividend.com! In this digital-only book, we look ahead to 2012 and
the main factors that could affect dividend investors. A $39.95
value, the eBook is a
Beat The Markets with Dividend Stocks
contains a full economic forecast for 2012, including in-depth
analysis on 65 of the biggest dividend stocks out there. It's a
great way to get prepared for your investing next year! So head
over to the
Dividend.com Premium homepage
now to download your copy.
I hope everyone had a chance to check out our
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