Market Wrap-Up for July 28 (NSC, AET, AFL, X, FCX, WYN, more)

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It's been a nice little run for the market the last couple of weeks (albeit on mediocre volume).

Today ended up being a give-back day in the making. Stocks like Aetna ( AET ) , Aflac ( AFL ) , and Norfolk Southern ( NSC ) all took a hit following their earnings results today. We saw shares of Wyndham Worldwide ( WYN ) buck the trend, as Wall Street seemingly liked how the company executed last quarter. During the recent rally of the past few weeks, we have seen a pick-up in momentum plays, especially in the commodity space. It's a tricky spot for long-term investors, as one needs to understand where we are in the cycle. At this point, it appears we are right in the middle, so we can go either way as far as direction goes. I like to use names like U.S. Steel ( X ) , Freeport McMoran ( FCX ) and several others as bellwethers to give me a quick snapshot.

On a separate note, I'm not sure if anyone caught who rang the opening bell at the NYSE yesterday. It was none other than the cast of "Jersey Shore", the big MTV reality hit focused on young adults who worship at the altar of the gym, working out, partying, keeping the hair just right. I get that Viacom (which owns the MTV brand) trades on the NYSE and we certainly see various brands of companies invited down to the NYSE for the honor of ringing the bell, but the cast of the "Jersey Shore"? Talk about a "cheap pop" once again coming into play in the financial media. I don't want to go overboard here, but there are so many individuals more deserving of the honor, that someone at the NYSE should have their head examined with that joke we saw yesterday. I have ranted before about the business media and their focus just being trader-driven almost exclusively, but let's start to give investors a bit more respect and not turn Wall Street into a carnival act. The markets have certainly had enough problems to deal with the last couple of years.

Back to what really matters, we'll continue to monitor the markets and will keep subscribers updated as to any new recommendations or changes we may make. Stay tuned.

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: AET , AFL , FCX , NSC , WYN , X

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