Market Wrap-Up for Oct.1 (ACN, HPQ, EOG, OXY, PEP, MOS, YUM, more)

By Staff,

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Today begins the first day of the 4th quarter, and many market-watchers expect the same themes to continue to work.

If they are correct, that means commodity names could certainly see more days trading in the green. Again, many of these names have miniscule dividend payouts so the names would be better-suited for investors that are actively getting in and out of the market. If you do not have much experience trading, I would recommend staying the course of building your portfolio with higher-yielding dividend plays on our Best Dividend Stocks list.

Oil prices began to get back up to the $80 a barrel level yesterday, so keep an eye on this development as we move forward. Inflation-watchers are warning commodities could be ready to spike dramatically. The U.S. dollar continues to weaken by the day, and we are watching this as well. For multinational dividend plays we follow, it could mean a short-term pop for earnings.

Earlier today, we added a new dividend stock to our list of recommended names, so be sure to check out the post if you did not read the e-mail alert sent out this morning. Looking at some of the standouts in today's action, Accenture ( ACN ) rose 4% following the company's Q4 earnings beat and dividend raise. Hewlett Packard ( HPQ ) landed their new CEO today, but the market appeared to be unimpressed with the stock down closing 3% lower. Elsewhere, EOG Resources ( EOG ) and Occidental Petroleum ( OXY ) both gained 3% with crude oil closing at the week's high, $81.58.

As we look ahead to next week, we will see a trickle of earnings out from the likes of Mosaic ( MOS ) , Yum Brands ( YUM ) , and PepsiCo ( PEP ) . Be sure to catch up with our latest watchlist updates this weekend, as well as the latest "Learn to Be Rich" articles as I attempt to bring the world of personal finance into an easy-to-understand format. I'd like everyone to gain the money knowledge they need to navigate through other parts of their financial life outside of investing.

Have a great weekend everybody and thanks for reading!

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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This article appears in: Investing Stocks
Referenced Stocks: ACN , EOG , HPQ , MOS , OXY , PEP , YUM

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