Market Wrap-Up for June 18 (CVS, WAG, SJM, NEM, SLB, more)

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News out this morning about employment trends improving in 37 of the 50 states provided a mild early boost to investor sentiment.

The one thing that readers need to understand is the figures could be skewed with one-time census job hirings and people who gave up work searches are no longer counted as unemployed. As you see, the data is not as solid as the media first reports. We are just trying to keep our perspective in the right place, without getting too negative or fighting a potential turnaround from recent weakness. Lots of variables to weigh, but we are on it.

As we look at today's market session, CVS Corp ( CVS ) moved up on news it has worked out a PBM agreement with Walgreen ( WAG ) . J.M. Smucker Co. ( SJM ) was up on an analyst upgrade. Gold-related plays like Newmont Mining ( NEM ) and Agnico-Eagle Mines ( AEM ) traded nicely higher. Schlumberger ( SLB ) and L-3 Communications ( LLL ) were lower on the back of negative Wall Street comments.

Looking ahead to next week, we will be getting earnings results from companies such as Nike ( NKE ) , Oracle ( ORCL ) , and Walgreen ( WAG ) , just to name a few. Be sure to catch up with our weekend watchlist updates on Premium.

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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