Market Wrap-Up for Nov.2 (MA, CLX, K, ADM, NEM, more)


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The focus in my writing tends to be on building wealth through smart dividend stock investing as well as personal finance tips, but we should never forget the other factors that are also critical to long-term success.

The bigger our business grows here at, the more the challenge becomes to balance our family priorities as well as make sure we are taking care of ourselves physically. Watching the markets many hours a day, reviewing data and maneuvering through the ups and downs can have quite an effect if we lose the balance that makes it all work. For everyone out there that is pushing hard, and even for those that are retired, you definitely want to take heed of what your quality of life is like. Too much focus on money is never good, which is why I like to say that you do not have to spend hours a day looking at your investments. Build a routine to take a peek at your portfolio and take advantage of everything we offer on to streamline your investment approach. Spending time on things outside of money will certainly have a positive effect at the end of the day.

Getting back to the markets on this Election Day, we see yesterday's early rally kicking back up this morning as investors look for any positive effect from election results. Tomorrow is Fed Rate decision day, so we could see some further gyrations on the stock tape as we move forward. MasterCard ( MA ) put together a solid quarter breaking the recent string of subpar reactions. We just wish they would give us a generous dividend yield, which would get us a bit more excited to consider the stock for the recommended list. Certainly not a bad name to own if you are willing to absorb the volatile moves, but alas not a name for our income-seeking faithful. Kellogg ( K ), Newmont Mining ( NEM ), Archer Daniels Midland ( ADM ), and Clorox ( CLX ) bucked the uptrend today, as all three companies were losers on the day following their earnings results. Lorillard ( LO ) and Cummins Inc. ( CMI ) did take a leading role in some of today's upside.

We continue to look for potential new additions to our recommended list, but are also considering some downgrades.

I'll continue to keep everyone posted on my new book, which is slated for a 2011 release. It is in the editing stages now, and could be ready for an e-book launch as the new year begins. The print version is tentatively scheduled for May 2010. Don't forget to check out new Investing Videos section (someone tell Ben Bernanke to watch yesterday's video, so that he understands market pullbacks are the norm and we don't need to massage the tape with so much liquidity). As always, check out our industry-leading Best Dividend Stocks list for the top dividend names to put money into right now.

Thanks for reading, and 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 Nasdaq, Inc.

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More Headlines for: ADM , CLX , CMI , K , LO , MA , NEM

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