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 (
), Applied Materials (
), and KLA Tencor (
). Retail sector earnings were a big focus in today's action. On
the plus side, shares of PetSmart (
) gained on their results. However, investors rushed to the exits
on companies like Advance Auto Parts (
), Buckle (
), Williams-Sonoma (
), Ross Stores (
) and Limited Brands (
). 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 (
) 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
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
Dividend.com Premium members.
Also be sure to check out our weekly
"Top 50 Watchlist Names"
post that is out today, also only for
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
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