Market Wrap-Up for Mar.28 (BTU, CAT, FCX, TYC, PNR, more)

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A weaker-than-expected durable goods number put the markets on the defensive today.

Weakness in the Asian markets overnight sent a chill to commodity-related investors, with stocks like Peabody Energy ( BTU ), Caterpillar ( CAT ), and Freeport McMoran ( FCX ) falling throughout the day. We have more on the commodity space below. Meanwhile, negative Wall Street analyst calls pushed shares of IAC Interactive ( IACI ) and NYSE Euronext ( NYX ) lower. We did see gains for both Pentair ( PNR ) and Tyco ( TYC ), which announced a merger deal this morning. Read more on the particulars here .

The Dodgers Are Being Sold for $2 Billion - It's Good to be an Investor

News is out this morning that a group including former NBA great Magic Johnson will acquire Major League Baseball's Los Angeles Dodgers for $2 Billion. That total is more than double what the Chicago Cubs were acquired for ($845 million) in 2009. The McCourt family, who acquired the Dodgers from News Corp in 2004 for $420 million, stand to make a huge profit - even after all the debt owed is paid off.

I'm sure many baseball club owners are smiling this morning, as the perceived values of their own teams have no doubt risen sharply following today's news. When I see deals like these get done, I feel more strongly than ever that investors should always put their money to work for them. I urge you to avoid sitting in cash for any length of time, because opportunities are all around us. I continue to hammer home the idea of buying assets that produce income (dividend stocks, positive cash flow real estate, profitable businesses). Cash is great to have, but over time, its buying power will only fall lower and lower.

Commodity Dividend Names Look Attractive, But?

A couple of commodity names have popped up as interesting dividend plays recently. These stocks include Cliffs Natural Resources ( CLF ) and Freeport McMoran ( FCX ), with both names now sporting 3%-plus dividend yields. The companies face a big problem right now however, namely, concerns of an economic slowdown in China. I have seen companies in the commodity space quickly cut their dividends when business begins to wane. They're also known for cutting earnings guidance at a moments notice, sometimes taking what was supposed to be a profitable quarter, to expecting a loss. As tempting as these two names (and other commodity plays) may look, we'll need to see more positive economic tidbits before considering them as long-term investments.

An Important Note Regarding the Best Dividend Stocks List

We want to make sure everyone understands that the stocks on our Best Dividend Stocks List are the names we currently like for new investor capital, regardless of what date the stock was first recommended on. If and when a stock is removed from the list, we will clearly state whether the stock should be sold (which is rare but occasionally will happen), or simply held in one's account until we see a better entry point or catalyst.

And here's one last thing to remember about what we do here at it's not just the names that we recommend that can help you build wealth, but also the things we try to steer you away from that are just as important. Forget about speculative or penny stocks, chasing unprofitable IPOs, and listening to the manic talking heads in the business media!

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Thanks for reading everybody. I'll see you tomorrow!

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
Referenced Symbols: BTU , CAT , CLF , FCX , IACI

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