Market Wrap-Up for Nov.23 (FCX, BHP, MA, HRL, MON, CLF, more)

By
A A A
Share |

Investors woke up this morning to the news of high tensions in the Korean peninsula following a military exchange between North and South Korea.

There are also concerns that other European nations could be following Ireland's lead in looking for a financial bailout. Besides these two issues, news of lower-than-expected existing home sales made for a triple-play of bad news, which has translated into another triple-digit drop in the Dow. Yesterday had the ear-markings of a tough day, but buyers woke up in the afternoon to take us off the lows.

When you have several key issues hitting the tape all at once, there is little for an investor to do but look at one's portfolio and consider what holdings could be susceptible if selling escalates. This is where dogs in a portfolio become even more pronounced, and illustrates how important having a sell strategy really is.


Elsewhere, I was startled by a study conducted from Limra, an investment research company, stating that only 44% of U.S. households have individual life insurance. I started buying term life insurance once my wife and I had our first child. I am a big fan of the "Buy term and invest the rest" adage when it comes to insurance. Term life insurance is not very costly and is a good way to protect your family against any unexpected events that could leave loved ones in a financial bind from an untimely death.

Getting back to the markets, the selling was broad-based today. Commodity stocks led the way lower, with names like BHP Billiton ( BHP ), Freeport McMoran ( FCX ), and Cliffs Natural Resources ( CLF ) all in the red. Elsewhere, MasterCard ( MA ), Monsanto ( MON ), and Chevron ( CVX ) got hit as well. Hormel Foods ( HRL ) bucked the downtrend, following the company's solid earnings results this morning.

Don't forget to check out new Investing Videos section. 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 The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: BHP , CLF , CVX , FCX , HRL

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

Most Active by Volume

22,740,104
  • $114.40 ▲ 2.13%
17,397,001
  • $18.025 ▲ 0.25%
17,381,114
  • $7.40 ▼ 2.63%
15,636,147
  • $7.49 ▲ 3.17%
14,032,851
  • $8.291 ▲ 5.08%
13,144,247
  • $94.277 ▲ 3.27%
11,821,517
  • $69.41 ▲ 4.52%
10,625,283
  • $10.66 ▲ 3.39%
As of 12/26/2014, 03:02 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com