Market Wrap-Up for Oct.17 (MTB, SWK, ABT, INTC, IBM, more)

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Today was by far one of the biggest earning release days we have seen already this quarter. With that, the market meandered for much of the session before closing slightly higher across most of the indices.

As far as the earnings highlights go, financial plays M&T Bank ( MTB ) and Bank of New York Mellon ( BK ) gained ground on the back of solid numbers. On the flip side, investors were not as pleased with the earnings results from companies such as IBM Corp ( IBM ), Intel Corp ( INTC ), Stanley Black & Decker ( SWK ), and Abbott Labs ( ABT ). We had a split analyst call move shares in the REIT (real estate investment trust) space, with a Wall Street firm preferring shares of Vornado Realty Trust ( VNO ) over Simon Property Group ( SPG ).

For all the recent dividend stock earnings reports and much more, be sure to check out The Dividend Daily .


Wrong Person for the Job

Yesterday was a big day for fans of the Philadelphia Eagles football team, which decided to shake things up mid-season, firing their defensive coordinator Juan Castillo. On the surface, it sounds like just any ordinary firing. If you dig deeper and follow sports like I do, you will soon see the team made a tremendous blunder in putting Castillo in the position he was in to begin with.

You see, Castillo was asked to become the team's defensive coordinator in 2011 when the Eagles' first choice for the job turned them down. With little options remaining, the team decided to put Castillo in charge of its defense instead. That move turned a lot of heads at the time, since Castillo had little experience coaching on the defensive side of the ball. He'd been the team's offensive line coach for over a decade, and last coached on defense more than 20 years ago for a college team. Indeed, he'd never done any defensive coaching at the pro level at all. So what exactly was the organization expecting?

You'd be surprised how often individuals make similar decisions when it comes to money-related matters, whether it is bad investment ideas, mediocre career choices leading to unambitious work, listening to unreliable information on buying a business they have little to no experience being in, and so on. It doesn't matter your social or financial status, a bad decision will ultimately lead to poor results.

Failure can be a good thing, of course, as long as we learn from it. Plus, there's a big difference at trying and failing at something you have a legitimate shot at succeeding in, versus putting yourself (or in the Eagles' case, someone else) in a position they're totally unqualified for. These sorts of errors, which should be obviously wrong from the beginning, are simply unacceptable.

Positioning for the Election Outcome

We have lots of investors currently trying to jockey their portfolios for who they believe could win this year's November presidential election. Some may guess right while others some may guess wrong when it comes to their trades, and how the markets will react. For short-term traders, this is what they live and eventually die for. For longer-term investors, making short-sighted moves just because of which candidate did better in a debate is not the way you ever want to approach your money decisions. The race is too tight for anyone to feel they can make a big score. All we know is there will be some sort of fallout, and with that, opportunities could arise. As always, we'll do our best to interpret the events as they unfold.

An Important Note Regarding the Best Dividend Stocks List

We want to make sure everyone understands that the stocks on our Best Dividend Stocks List are the names we currently like for new investor capital, regardless of what date the stock was first recommended on. If and when a stock is removed from the list, we will clearly state whether the stock should be sold (which is rare but occasionally will happen), or simply held in one's account until we see a better entry point or catalyst.

And here's one last thing to remember about what we do here at Dividend.com: it's not just the names that we recommend that can help you build wealth, but also the things we try to steer you away from that are just as important. Forget about speculative or penny stocks, chasing unprofitable IPOs, and listening to the manic talking heads in the business media!

A Dividend Capture Strategy for Active Investors

We now offer complete U.S. dividend data for all Dividend.com Premium members, so anyone that focuses on "Dividend Capture" trading strategies should have plenty of good stuff to research each day. Just check our enhanced Ex-Dividend Calendar , which is the best in the business, to search for upcoming payouts.

Speaking of dividend capture, Dividend.com Premium members can also access a 9-page report we published on the essential elements to any successful dividend capture strategy. Be sure to check it out here on the Premium homepage .

Thanks for reading everybody. 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: ABT , BK , IBM , INTC , MTB

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