Word of even more M&A deals have surfaced this morning, as
) announced a deal to acquire King Pharmaceuticals (
)), and a rumor that Avon Products(
) is an acquisition target for L'Oreal SA.
As investors navigate through what is essentially a near-term
overbought market (markets can stay overbought or oversold longer
than a trader can remain liquid), we are still not seeing much of a
sense of urgency for investors to want to get back into stocks -
unlike what we'd seen for much of the previous decade. Despite the
lack of investment options elsewhere (CDs with 1-2% interest rates
are not investment options in my mind), investors are hesitant to
embrace the rally we have seen the last 18 months. Drawing a line
in the sand when it comes to where you will feel comfortable
investing is not a smart move and can throw back your long-term
plan for a richer retirement.
I am the last person to cheerlead for Wall Street, but you have
to realize that we are going to be on the receiving end of some
great returns over the next few decades if we stay the course,
focus on quality dividend-paying stocks and ignore the daily noise.
One needs to adapt to every environment and leave the emotion out
of it when it comes to money matters.
Adapting within the workforce is another key concept I'd like to
stress to everyone. Corporate America is doing more with less, and
you will need to multiple skills in many different industries to be
able to get to the front of the pack and remain employable. Find
out everything you need to know about your industry and keep up the
education part of your particular field. Don't get blindsided by
industry trend shifts that can leave you vulnerable as you approach
your key earning years.
Getting back to the markets, we dipped back below DOW 11K this
morning, but steady buying throughout the day made up for the early
losses and took us back above the DOW 11K mark. Names that
attracted buying interest included Agrium(
) , Starbucks(
) , and Wynn Resorts(
) , with both SBUX and WYNN attracting positive Wall Street analyst
comments this morning.
Be sure to catch up with our latest watchlist updates this
weekend, as well as 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
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