The markets continue to shake a lot of investors up with the
recent pullback. Considering how poorly things went last spring
with the Dow dropping all the way to 6500, sitting at Dow 10,300
right now certainly feels better.
We have been busy pruning away on our recommended list, and we
removed three more names that you can find in the link below if you
did not read the e-mail alert we sent out earlier. Pullbacks are
beneficial to the health of the market and never feel good when
they are going on, but corrections have always been a part of the
investing landscape over periods of time. We are hoping that the
recent economic issues that are in the news can be contained to a
certain point, but we will continue to monitor the situation as we
have always done to position the "Best Dividend Stocks" list in the
best possible direction. Putting new capital in the market is
important to investors, and we will do our best to keep the names
we feel are worthy of your new investment dollars up to date.
As for today's action, further selling in the low-dividend yield
growth plays were rocking the commodity sector. Companies like
Bucyrus International (
) , Massey Energy (
) , and Consol Energy (
) all led the way lower. Retailers saw some red, with Abercrombie
& Fitch (
) and Guess, Inc. (
) down. On the flipside, Visa (
) bucked the early selling and got back some of the previous days'
losses. On the earnings front, Deere & Co. (
) was able to close higher after some up and down action intraday.
Elsewhere, Analog Devices (
) finished up on its results, while Hormel Foods (
) drifted lower following its Q2 numbers. Hewlett Packard (
) did close up slightly, but was off its intraday highs.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
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