Market Wrap-Up for May 26 (AEO, MAN, JCP, GS, JPM, UNP, more)


Shutterstock photo

We saw some heavy buy action out of the gate as investors were hoping the selling was over in the near-term, but we saw the buying fade toward the close as we finished lower and below the Dow 10K level.

The market could use a bit of sideways action here to help stabilize investor sentiment. We have continued to be cautious and continue to look to best position our recommended list the best way possible throug the market turbulence. The markets are still up nearly 55% from the March 2009 sell-off lows.

Looking at today's action, we saw a ton of Wall Street upgrades out this morning, helping give shares like Fortune Brands ( FO ) and Manpower ( MAN ) a boost. American Eagle Outfitters ( AEO ) came out with results that Wall Street didn't care for much. That put a damper on retail plays like J.C. Penney ( JCP ) and Kohl's ( KSS ). Financials also saw the bulk of early gains slip late, with Goldman Sachs ( GS ) and J.P. Morgan ( JPM ) finishing down. Elsewhere, we did see strength in names like Union Pacific ( UNP ) , Time Warner Cable ( TWC ) hold up through the close.

We'll continue to monitor the action, but cautiousness is still the name of the game as far as we can tell. It's definitely a good time to go through one's portfolio and prune out names that could be gathering dust and not well-positioned for the road ahead.

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 Nasdaq, Inc.

Created by

This article appears in: Investing , Stocks

More from

Follow on:

Find a Credit Card

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