The market was certainly as much of a rollercoaster today as we
have seen in a while. A poor start, followed by a big rally back,
but only to see the last few hours drift into the red once
We are using the pullbacks in a different way, as we are going
through the recommended names to remove some names that we see as
potentially vulnerable in any sustained market correction. We
removed 5 of the higher-yielding plays that were on our recommended
list, as we would prefer investors focus on some of the other
attractive high-yield plays that are still currently on our list.
Be sure to check out the
if you did not read the e-mail alert we sent out this morning.
As for today's movers, some of the names that were able to hold
up best in the selling included PNC Financial (
) , Walgreen Co. (
) , and TJX Companies (
) . Also, buyers did show up for the recently beaten-up commodity
plays. Some of the names rebounding today included beaten-up
commodity plays, U.S. Steel (
) , and Cliffs Natural Resources (
) . Elsewhere, there were some names that continued to lag. Diageo
) , Best Buy (
) , and Starwood Hotels (
) were some examples of names that could not get much going. Volume
was heavy once again, with 6.79 Billion shares traded on the NYSE
and 2.87 Billion shares traded on the NASDAQ.
We'll continue to go through the recommended list names and be
sure to take further action if necessary. We'll be sure to keep
subscribers alerted to any further changes.
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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