Market Wrap-Up for Sept.30 (NEM, ABX, MO, RAI, FCX, CF, more)

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It appears the momentum crowd may be satisfied with September's gains as the market gains this morning reversed lower on this last day of the month.

Even gold prices pulled back, with mining stocks like Newmont Mining ( NEM ) and Barrick Gold ( ABX ) giving back some of the recent gains. Also heading lower were names related to other parts of the commodity space, including CF Industries ( CF ) , Mosaic ( MOS ) , Deere ( DE ) , and Freeport McMoran ( FCX ) . There was an analyst downgrade of tobacco companies Altria Group ( MO ) and Reynolds American ( RAI ) this morning. Both of those stocks continue to be big winners on our Best Dividend Stocks list and their 6%-plus dividend yields are still attractive, but a pull-back would certainly be welcome as far getting better entry levels. Volume did creep up by the close, with the NYSE trading 4.28 Billion shares and the Nasdaq trading 2.34 Billion shares./.

As for our recommended list, we are always monitoring our data for any potential changes. Going into today's action, just 3 of our 47 recommended names are trading lower than when we first recommended the names, with the worst performer being down a mere 2% (and that's not including dividend payouts).

I hope everyone is enjoying the new video segments our editor Tom Reese and I are producing on the site. Feel free to reach out to us with more ideas on what you would like to see discussed. I am also proud to announce that I have signed a book deal with FT Press/Pearson, in which I will be writing about Dividend stock investing, personal finance tips and more. I will be providing everyone with more details as things begin to materialize.

As always, be sure to check out our industry-leading Best Dividend Stocks list for our current recommendations. 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.

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This article appears in: Investing , Stocks

Referenced Stocks: ABX , CF , DE , FCX , MO , MOS , NEM , RAI

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