Market Wrap-Up for Jun.17 (BP, FCX, AET, SJM, KR, more)


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We are seeing the usual Congress pile-on today as the BP plc ( BP ) CEO goes to testify and will deservedly catch an earful. Always a great day for politicians to hit a beach ball out of the park.

Washington needs to be sure it does not lose focus of what else will need focus, and that is the constant debt that is being added to with non-stop borrowing to keep government officials and municipal pensions paid for. This structure needs to be changed yesterday. We also find our country facing some serious issues on the population side. By 2020, 1/4 of the population in the U.S. will be 65 years of age or older. This has potential investment ramifications that we need to pay attention to. We'll certainly be touching on this in the future of course. You can count on it.

As for today's session, J.M. Smucker Co. ( SJM ) wa rewarded for a solid earnings report. Also, Kroger ( KR ) and Aetna ( AET ) bucked the early downtrend, chiming in with positive comments on their outlook. Commodity-related plays lagged, with Freeport McMoran ( FCX ) and U.S. Steel ( X ) trading lower. The markets closed a bit higher across all the indices, but volume was once again a bit of a downer, surprising considering options expiration is tomorrow. Tomorrow could be a different story.

Lastly, we added a dividend stock to our recommended list, that will be suited for "aggressive" investors. Be sure to check out the post from earlier today for details on the upgrade.

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.

Created by Dividend.com



This article appears in: Investing , Stocks
Referenced Symbols: AET , BP , FCX , KR , SJM , X


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