Market Wrap-Up for June 8 (INTC, BLK, GS, GIS, NEM, more)

By Staff,

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We continue to make changes to our recommended list, as we removed eight well-known companies today in an effort to focus on the best opportunities for new capital or for investors considering whether or not to add to existing positions.

There are not a lot of earnings reports for the markets to digest, so we shift our focus to economic data and global happenings that can affect the companies we follow. The Euro continues its weakening trend and this is an event that will have an effect worth watching. Despite the Dow's afternoon surge, it is a good sign that analysts are beginning to show more caution than the usual level of exuberance we tend to see. This will eventually cool expectations and perhaps lead us to a more sideways, foundation-building market situation.

Looking closer at today's action, semiconductor plays like Intel Corp ( INTC ) and Broadcom ( BRCM ) werein lower following some cautious Wall Street commentary. Other notable movers to the downside included stocks like Blackrock ( BLK ) , and Goldman Sachs ( GS ) . Some densive plays held up, including Coca-Cola ( KO ) , General Mills ( GIS ) , and Hershey Co. ( HSY ) . Gold-related names continue to see buying support. Names to watch there include Newmont Mining ( NEM ) and Agnico-Eagle Mines ( AEM ) . You know the dangers with these stocks in that they pay very small dividends and can be quite volatile. These are likely better suited for investors that want to take on a bit more risk and do not mind shorter holding timeframes for investing. Volume picked up to 6.19 Billion shares on the NYSE on this afternoon spike. We are finally happy with that shift. Let's see if this can continue.

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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