Market Wrap-Up for Oct.12 (AVP, PFE, SBUX, AGU, WYNN, KG, more)

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Word of even more M&A deals have surfaced this morning, as Pfizer( PFE ) announced a deal to acquire King Pharmaceuticals ( KG )), and a rumor that Avon Products( AVP ) 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( AGU ) , Starbucks( SBUX ) , and Wynn Resorts( WYNN ) , 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 list.

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.

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This article appears in: Investing , Stocks

Referenced Stocks: AGU , AVP , KG , PFE , SBUX , WYNN

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