We are seeing the usual Congress pile-on today as the BP plc (
) 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. (
) wa rewarded for a solid earnings report. Also, Kroger (
) and Aetna (
) bucked the early downtrend, chiming in with positive comments on
their outlook. Commodity-related plays lagged, with Freeport
) and U.S. Steel (
) 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
Lastly, we added a dividend stock to our recommended list, that
will be suited for "aggressive" investors. Be sure to check out the
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
Created by Dividend.com