Market Wrap-Up for Sept.28 (AU, NEM, WAG, CVS, more)


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Earlier today, the Consumer Confidence Index reported a drop to 48.5 in September from a downwardly revised 53.2 in August.

Any reading below 50 tends to mean the economy is contracting. Meanwhile, we've seen the market winners being more and more focused to a smaller group of stocks. When that happens, you tend to hit a bump in the road eventually as valuations get stretched too far. Fortunately, our recommended names continue to grow at a sustainable rate, and a few have also announced dividend increases recently. We will continue to maneuver through all the data (as we always do) and keep subscribers alerted to any changes we make to our recommendations.

Walgreen Co. ( WAG ) had a surprisingly good quarter, beating analyst estimates by 9 cents per share. It's quite bizarre to see a big beat from the company, especially since the last two quarters were fairly average. We like the drug store sector, but prefer to see better entry points if possible, especially from a yield standpoint. CVS Caremark ( CVS ) is a competitor we put under the same umbrella. It's a good company, but the entry point needs to be better - plus the dividend yield is barely over 1%. Elsewhere, gold-mining plays like AngloGold ( AU ) and Newmont Mining ( NEM ) gained nicely as gold prices hit another new 52-week high.

We keep hearing good feedback from investors that like to partake in the "Dividend Capture" strategy. The focus in capturing dividends is to buy a stock before the ex-dividend date and then sell it right on the ex-dividend date, in hopes of pocketing some extra change. We even hear investors doing this in a retirement-based IRA account. We do not offer specific investment advice on the dividend capture strategy, but we do have a terrific Ex-Dividend Dates Calendar that can be used to peer ahead at what companies will be paying dividends in the weeks to come. This feature is available to Premium members and is a good source to reference if you do try the "Dividend Capture" method.

We are heading into the end of the month so be wary of some "window dressing" that can prop up the action the last couple of days here in September. This phenomenon is generally good for those long the market, but can be a tricky time to get aggressive with your portfolio.

Thanks again for reading, and 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 Nasdaq, Inc.

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This article appears in: Investing , Stocks
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