The market is pulled back fairly hard today. We have a continued
drop in the Euro currency that can soon begin to have an impact on
company earnings for many S&P 500 names.
We removed some more names from our "recommended" list earlier
today, so be sure to check out the
if you did not read the e-mail alert we sent out.
We saw selling over many sectors today, with names like
) and Visa (
) getting hit quite hard on credit card legislation worries.
Capital One Financial (
) and American Express (
) were also lower on the potential threat. Commodity-related names
dropped, with U.S. Steel (
) and Cliffs Natural Resources (
) leading the way lower. Earnings plays like Nordstrom Inc. (
) and CA, Inc. (
) finished in the red following Wall Street's reaction to their
results. Dillard's (
) bucked the downtrend after the company posted
better-than-expected results. Another trend we continue to take
note of is the rising volume we see on down days. The NYSE traded
5.9 Billion shares by the close, while the NASDAQ ended with 2.51
Billion shares changing hands.
As we look ahead to next weekend, we will see an increased
number of big companies reporting results, such as Hewlett Packard
) , Home Depot (
) , Target (
) , and Deere (
) , just to name a few.
Be sure to check out Dividend.com Premium to stay up-to-date on
names that are going on and coming off the various watchlists we
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here