Market Wrap-Up for May 2 (TEVA, IP, OXY, WFMI, more)

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News of Osama Bin Laden's death at the hands of a U.S.-led military operation helped push markets higher early on, but the indices finished slightly lower by the close.

Looking closely at today's action, Teva Pharmaceuticals ( TEVA ) was up on news it will come in with a higher bid for Cephalon ( CEPH ) thwarting a hostile bid from Valeant Pharmaceuticals ( VRX ). An analyst upgrade added up to more gains for Occidental Petroleum ( OXY ). A positive Barron's piece from this weekend helped move International Paper ( IP ) nicely higher throughout the day. Whole Foods ( WFMI ) dropped 5% on an analyst downgrade. Commodity prices bounced around all day, but were lower by the close. Silver prices ( SLV ) took the brunt of the selling as increased margin requirements could be putting a dent in the recent buying frenzy.

Quick note: Be sure to check out the year-to-date watchlist posts up on the site today. You can see how well many of the dividend stocks we are tracking are doing so far in 2011. As always, you can find these and other members-only articles on Dividend.com Premium . Also, we removed a dividend stock from our recommended list today, so be sure to check out the post if you did not read the e-mail alert we sent out today.

I was having a conversation recently with a newly-married couple who were asking me how they should prepare financially for having a child. I told them a good exercise for first-time parents to consider is taking a lump sum ($500-$1000) each month and factor that as an expense in your checkbook. This practice will get you ready for the extra monthly costs you'll encounter once your child is born. For many new parents today, moms have to go back to work to help keep up with the expenses. If the new mom is able to stay home, which is increasingly unlikely, you can practice by using only the father's income in the months leading up to the birth. This will give you a good idea of how the household will run financially after the baby is born. Money certainly isn't the only concern when having a child, but it's an important consideration to ensure you limit the amount of stress that naturally comes with having a newborn.

As I mentioned over the weekend, I was the keynote speaker at the Delta Mu Delta induction ceremony for Richard Stockton College this weekend. It was held at Bally's in Atlantic City, New Jersey - just a few minutes from our Dividend.com offices. I was honored to be able to speak at this event, and was made an honorary member in Delta Mu Delta International Honor Society in Business. The organization was founded by the Dean from Harvard University and four professors from Yale University and New York University in November, 1913.

It was the first time in a long time that I spike in front of such a large audience, but I brought my notes with me and was well-prepared. The key to speaking in front of a large group is to be organized and stick to your plan, because it's really easy to go off on tangents if you're not careful. Fortunately it went really well, and several students came up afterwards to share some thoughts of what they found in my message. Again, it was truly an honor to share the stage with such bright students and future business leaders.

I hope everyone had a chance to check out our Dividend.com Premium members-only weekend article, including the new features that highlight some of the biggest winners and losers from the week that was, including analyst upgrades/downgrades and earnings/story stocks. These articles are a great way to catch up on the week that was in the markets. We also have a rundown of how various Dividend ETFs performed on the week.

Our expanded dividend data is pretty much all in place so anyone that focuses on "Dividend Capture" strategies should have plenty of good stuff to research each day. Just check our enhanced Ex-Dividend Calendar , which is the best in the business, to search for upcoming payouts.

Speaking of dividend capture, Dividend.com Premium members can now access a new 9 page report we just released on the essential things an active investor needs to know when it comes to a dividend capture strategy. Be sure to check it out!

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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: IP , OXY , TEVA , WFMI

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