Market Wrap-Up for June 30 (GIS, K, MON, CL, MMM, GS, JPM, more)


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Today was the last day of the second quarter and the bulls were trying to push for some last minute gains, but a last-hour sell-off pushed us to close off nearly triple digits on the DOW.

We are already beginning to see a bit of the lighter-volume holiday trading taking hold of the action. We are still a couple of weeks away from the steady stream of earnings results that will be coming across. It will be interesting to hear how companies will respond to the business environment. If the profits continue to be good, will companies start hiring or will the "do more with less" mentality remain the new way of business today. College graduates and those who are unemployed can attest to the tough environment when searching for a new job. Work ethic will become a key asset to possess if one is looking to impress, but that also applies to all areas of business as well. As a service, we understand that we need to continue to monitor every piece of data and forecast out as best we can. If we get lax, our subscribers will fail to re-subscribe or even recommend us to friends and family.

We feel good about how we are maneuvering through the volatility, but will not rest on our laurels. Looking at today's tape, General Mills ( GIS ) was lower following the company's lukewarm guidance. This news is dragging down shares of Kellogg ( K ) as well. Monsanto ( MON ) was also lower following the company's earnings release. Some names that managed to buck the losses and finish higher included Colgate-Palmolive ( CL ) and 3M ( MMM ) . Lastly, financials such as Goldman Sachs ( GS ) and J.P Morgan ( JPM ) continued their recent downtrend with both closing at their day's lows.

We will continue to keep our subscribers alerted to any changes we are looking to make on our recommended list. Just a quick note, Friday could be an interesting day as we get the June unemployment numbers being reported.

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.

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This article appears in: Investing , Stocks
More Headlines for: CL , GIS , GS , JPM , K , MMM , MON

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