We heard some tough news overnight about the gas explosion in
California that has now resulted in multiple deaths.
) is the utility name that owns the gas lines that were involved in
the explosion. Unlike the recent BP disaster, however, we don't see
PCG's dividend as being in danger at this point. Today's pullback
has made the stock's yield more attractive, but until the dust
settles, it will be difficult to find a good price point to get
into the stock at. Unfortunately there will be events in one's
investing lifetime when a particular holding can be the focus of a
bad-news situation. When this happens, it usually pays to dig in
and see if action is needed, rather than being passive. Be sure to
check out our update below on what we are doing with the
This was the second full day of the Rosh Hashanah holiday, and
volume did remain somewhat low, finishing with just over 3 Billion
shares traded on the NYSE. Earnings season is still in the dormant
phase, but we did hear somewhat bearish news from semiconductor
plays National Semiconductor (
) and Texas Instruments (
) as far as both companies' guidance after the bell yesterday.
As we look ahead to next week, there is still a lull in
earnings' releases, but we are scheduled to hear numbers from
) , Best Buy (
) , FedEx (
) , and Kroger (
) , to name a few.
Be sure to catch up with this weekend's watchlist updates on
Dividend.com Premium. Also, I hope everyone is enjoying the
"Paul's Wealth Lessons"
articles I've been penning each day on Dividend.com. Everyone wants
to be rich, but without a solid financial education, you're just
relying on "lottery luck" to make your dreams come true. Be sure to
check out the daily lessons and pass them along to friends and
family that could use some help in bettering their money
Thanks for reading everybody!
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