Market Wrap-Up for June 21 (NEM, BBY, MA, MTB, FCX, X, more)

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The market has developed a positive habit of starting off the week with a decent size move right out of the box.

Unfortunately what has been happening is the volume rarely comes in behind the early euphoria which makes us a bit skeptical on how strong the buying really is. While not as negative as we have seen from our data, our weekend research is still not screaming an all-clear signal that seems to resonate with every up-tick in the market. We'll continue to monitor the data closely and be sure to keep subscribers up-to-date on how our recommended list is positioned.

As for today's tape, the early rally fizzled as we got into the afternoon session. Commodity-related shares benefitted the most off the China-led rally. Stocks like Freeport McMoran ( FCX ) , U.S. Steel ( X ) , and Cliff's Natural Resources ( CLF ) finished in the positive. Financials had some individual standout performances from the likes of Mastercard ( MA ) , and M&T Bank ( MTB ) . Gold-mining plays like Newmont Mining ( NEM ) and Goldcorp ( GG ) pulled back, as did names like Best Buy ( BBY ) , Coach ( COH ) , and Apache ( APA ) .

Hope all the Dads and Father-figures had a great weekend! Investing time with the family can be as lucrative as any other action we can sometimes take.

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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