Following two days of unprecedented weather-related closures of
the U.S. stock markets, market participants (certainly not all) got
reacquainted with the averages. Volume was surprisingly strong, but
it was the last day of the month for fund managers to square off
My gut tells me the earnings for the first quarter of 2013 will
have many mentions of Hurricane Sandy-related effects (mostly in a
negative way), but for some it could be simply masking what have
been already declining revenue/profit trends. Either way, we can't
worry so much about that at this point.
Looking at today's big headlines, acquisitions are having an
impact on several well-known companies. Walt Disney (
) shares are dipping following news of the company's $4 billion
purchase of Star Wars franchise Lucasfilm Ltd. Apparel brand giant
PVH Corp (
) spiked on news it will be adding the Calvin Klein label to its
already well known-roster of fashion labels (Tommy Hilfiger, Van
Heusen, IZOD, just to name a few) with the just-announced
acquisition of The Warnaco Group.
Elsewhere, earnings results from the previous two days helped
move stocks. Gaining ground on earnings news were names like Ford (
), Eaton Corp (
), and Flowserve (
). Moving in the other direction following earnings announcements
were shares of U.S. Steel (
) and Seagate Technology (
It's great to be able to pen today's newsletter and know that we
made it through the storm. I am actually working out of our editor
Tom Reese's dining room and not our storm-ravaged office in
Brigantine, New Jersey. Fortunately our office is located on the
second floor of our complex, but the island got hit terribly hard,
with the ocean meeting up with the bay.
It could be days before we get to check out the inside of our
Dividend.com offices and get the operation back up and running.
Despite living just five minutes from Tom's home, my family and I
unfortunately lost power and are bouncing back and forth from my
in-laws' home (also just five minutes away). The rest of our
immediate team fortunately is safe and sound down here and are able
to telecommute for us to kick back in gear as the market re-opens
It doesn't take long to make you realize how fortunate we all
are to have all the modern conveniences after spending just 24
hours without any power. It's a a good thing and a bad thing in a
sense that some of today's generation may have some coping issues.
I was so happy to see my kids embracing board games by candlelight
as we huddled in our basement riding out the brunt of Hurricane
Sandy. My guess is others may not have been so cooperative without
being able to have some sort of electronic communication attached
to their fingers. You truly learn to appreciate the efforts mankind
can make to help strangers in need, as there were many tales of
individuals helping others flee the New Jersey barrier islands who
had waited till the storm was at our doorstep to realize they were
in harm's way.
I was a bit surprised to see the markets open up this morning,
but with the last day of the month upon us, some of the "powers
that be" may have figured the book on October needed to be closed
in the usual manner. I would imagine trader-types that have been
sitting with inventory may have been panicking more about when the
market would open and how it would react. That's never any fun, and
not something I miss. Openings on days like today where the action
is hard to measure is where technical issues can come into play,
and that's last thing individual investors want to be worrying
about. I had my share of "bad fills" that I used to spend endless
amounts of time with my broker on the phone trying to get adjusted
back in the old trading days. I quickly learned to avoid making
daily bets at the opening, so to avoid the mess. But again,
certainly those are days I do not miss!
Anyhow, my prayers are with those whose lives have been affected
by the storm in more serious ways than we have been. It won't be
long before we are are back to a semblance of normalcy for the
global markets and life (which is always more important) in
general. Rest assured, we are here to answer any and all questions
relating to the world of dividends, including the biggest one that
people have been asking regarding dividend dates from the previous
couple of sessions.
Ex-Dividend Date Changes
We've gotten word from the stock exchanges that several stocks'
ex-dividend dates will be adjusted due to the market's closure on
Monday and Tuesday. We expect most stocks that were supposed to go
ex-dividend on those dates will have their ex-dates pushed back a
We'll have a ton of updates tonight I'm sure as the daily feeds
will get from the exchanges will be chock full of these new dates.
Those updates should be made by 11pm EST this evening, and you can
consult our ex-dividend calendar below for the new dates once
Dividend.com Ex-Dividend Calendar
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
members, so anyone that focuses on "Dividend Capture" trading
strategies should have plenty of good stuff to research each day.
Just check our enhanced
, which is the best in the business, to search for upcoming
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here