As an initial note, you may have noticed that our website was
experiencing some problems yesterday for a few hours in the early
evening. We recently upgraded to a much newer, faster server, and
there were some unfortunate kinks that had to be worked out.
Thankfully, we're up and running again now at full strength, and
our site is faster than ever! Thanks to all of our members for
understanding as we go through some growing pains - we'll continue
to do our best to serve your investing needs.
Moving on, as the economy continues to stop and go, more and
more people are focused on generating income through their
I was reading some recent data about the nation's homeownership
rate falling to the lowest level in more than a decade. This may be
bad news for anyone trying to sell a home right now, but in the
long run, we needed to see a revision to the norm when it comes to
who can and should own a home, from a financial standpoint. Lenders
and borrowers took a trip down to "Crazy Street" for a few years,
but all that insanity appears to have come to an end. As I just
mentioned, the fall of home ownership back to normal levels is
something that could help stabilize many individuals' financial
health. Too many got in over their heads and the debt spiral that
followed for them has been ugly.
Looking at today's market, sellers made an appearance right
after the open, but once the afternoon kicked in, some buyers came
back into play. Gold prices have seen some wild action the last 24
hours as the most crowded trade on the board continues to move
ahead. Technically, the yellow metal still looks fine, but we did
have a reversal take place late yesterday. It could mean nothing,
but it's definitely worth noting. Polo Ralph Lauren (
) destroyed earnings estimates flew higher. They are a low dividend
payer, but a name worth watching on any significant pullback. The
REITs bounced back from yesterday's selloff. Equity Residential (
), Public Storage (
), and Avalon Bay Communities (
) all closed nicley in the green. Weight Watchers (
) and Campbell Soup (
) lagged the action following Wall Street's reaction to both
companies' revenue outlooks.
Be sure to check out the latest
"Learn to Be Rich"
articles as I'd like everyone to gain the money knowledge they need
to navigate through other parts of their financial life outside of
investing. And of course, check our our currently "Recommended"
names on our industry-leading
"Best Dividend Stocks"
Thanks for reading everybody. 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