Market Wrap-Up for May 19 (INTC, KLAC, PETM, LTD, AAP, more)

Share |

The market managed to close with gains after a bit of a back and forth session. We were able to overcome commodity prices falling and yet still close with gains. This would be a great pattern to see starting to work.

Goldman Sachs put out a negative call on several semiconductor names and some of the names closed in the red, including Intel ( INTC ), Applied Materials ( AMAT ), and KLA Tencor ( KLAC ). Retail sector earnings were a big focus in today's action. On the plus side, shares of PetSmart ( PETM ) gained on their results. However, investors rushed to the exits on companies like Advance Auto Parts ( AAP ), Buckle ( BKE ), Williams-Sonoma ( WSM ), Ross Stores ( ROST ) and Limited Brands ( LTD ). Many retailers have had a nice run recently, so a pullback is not all that surprising.

The call to raise oil price margins for traders is gaining more and more momentum each day. This concept is certainly something I would sign my name to. Everyone who has been reading my posts knows I am truly concerned by the artificially-created commodity price spikes we have seen in recent months. Let's get back to pricing commodities based on true supply and demand, not on the herd mentality of futures traders.

Business insiders have fixed their gaze on today's IPO of business social networking site LinkedIn ( LNKD ) today (stock closed up nearly 112% from IPO price offering), and with the stock's big opening day pop, the early valuation for the shares are estimated at nearly 40 times 2010 revenue.

I have a LinkedIn account and I know many colleagues who do as well, but honestly, we don't use it all that much. That's not to say the site couldn't be useful, especially if you are looking to collaborate with potential job contacts/prospects. At least the company has a subscription revenue model for part of its offerings as well as an advertising model.

The executive team and VCs behind LinkedIn are all well-respected, but I expect the recent start-up mania we've been observing will only accelerate. Some people will fail to realize that LinkedIn has been around for nearly a decade and just turned profitable recently. I can tell anyone out there that launching a successful startup is just as difficult as trying to become a successful full-time trader. You need the right mix of talent, dedication, and a little bit of luck on your side.

In today's tight job market, I would advocate beginning a start-up company as a side gig for someone coming out of school, but landing a job should probably still be the first goal. You can always go full-time into your startup once you prove its ability to generate real revenue. I've always been a big fan of landing a job in the area you intend to excel at, and where you see yourself giving an exceptional effort. Passion is great, but individuals can often become passionate about multiple things. This fact will only dilute your focus on where your skills are best put to use.

If I could tell someone one skill he or she should polish well and often, I'd say "people skills," without a doubt. If you can communicate well through your spoken words, writings, and actions, you will be able to excel in today's world. Only certain people have the charisma that compels other to gravitate towards them, so working on your people skills is a must for most. Keep these thoughts in mind as you evaluate your career options, whether you are just starting out or are ready to take a big step to venture out on your own and launch a business.

Investing in yourself and buying assets that produce income will put you on the road to wealth. Plan your course out well, arm yourself with the right tools, and most importantly TAKE ACTION!

Speaking of buying assets that produce income, we added a new name to our industry-leading Best Dividend Stocks List today, so be sure to check out this morning's article if you didn't read the e-mail alert we sent out today to Premium members.

Also be sure to check out our weekly "Top 50 Watchlist Names" post that is out today, also only for Premium members.

Thanks for reading, and I'll see you tomorrow! P.S. Please pass this e-mail on to someone you think can use some financial motivation as well as being kept in the financial news loop that could affect them. Thanks again!

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, Inc.

Created by

This article appears in: Investing , Stocks

Referenced Stocks: AAP , AMAT , BKE

More from

Related Videos




Most Active by Volume

  • $15.46 ▼ 0.39%
  • $27.80 ▼ 1.94%
  • $29.76 ▲ 3.51%
  • $4.86 ▼ 4.71%
    $28.09 unch
  • $5.23 ▼ 3.51%
  • $10.145 ▲ 39.16%
  • $12.81 ▼ 0.62%
As of 10/13/2015, 12:57 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by