Market Wrap-Up for Sept.10 (PCG, NSM, TXN, ORCL, FDX, BBY, more)

By Staff,

Shutterstock photo

We heard some tough news overnight about the gas explosion in California that has now resulted in multiple deaths.

PG&E ( PCG ) 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 shares.

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 ( NSM ) and Texas Instruments ( TXN ) 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 Oracle ( ORCL ) , Best Buy ( BBY ) , FedEx ( FDX ) , and Kroger ( KR ) , to name a few.

Be sure to catch up with this weekend's watchlist updates on Premium. Also, I hope everyone is enjoying the "Paul's Wealth Lessons" articles I've been penning each day on 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 matters.

Thanks for reading everybody!

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 Nasdaq, Inc.

Created by

This article appears in: Investing Stocks
Referenced Stocks: BBY , FDX , KR , NSM , ORCL , PCG , TXN

More from

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by