Market Wrap-Up for Sept.7 (ORCL, HPQ, AXP, COF, FCX, BTU, more)

By Staff,

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The markets are off to a slow start this morning, but there were some decent gains over the last few trading sessions, so a pullback is not out of the question.

Commodity plays gave back some recent gains, with Peabody Energy ( BTU ) and Freeport McMoran ( FCX ) just a couple of the names ending in the red. Credit card plays American Express ( AXP ) and Capital One Financial ( COF ) pushed the financial sector lower. Oracle ( ORCL ) got a pop this morning on news they have scooped up former Hewlett-Packard ( HPQ ) CEO Mark Hurd. Hurd is good friends with Larry Ellison, CEO of Oracle, who had been quite outspoken about Hurd being forced out of HP following the recent scandal. Volume was slow on this first day back, with just 3.1 Billion shares traded on the NYSE. The Nasdaq ended with 1.63 Billion shares changing hands.

As you may have noticed, I have been extending some of the articles on to include a bit more personal finance-related materials. This is all in an effort to bring some real financial perspective when it comes to everyday issues affecting us outside the world of investing. I get e-mails from new investors all the time that are really focused on timing when it comes to investing - this focus is entirely wrong, however. You see, I am cautious about the markets, but at the same time, I want to put my money to work for me in the best places I can possibly, regardless of the economic environment. This is what investing should always be about. I am not here to cheerlead the markets, but rather be a guide to where the best places are for investors to put their money at the current.

The danger with trying to time the market is that you need to be right twice (when you buy and sell). Plus, it can be a nasty habit to fall into. You'll essentially morph into a trader, rather than an investor whose original idea it was to generate income and compounding returns from dividend-paying stocks.

Keep these words in mind when you are unsure of what an investor's job is. Don't lose focus, and you can bet that we will be continuing to watch the markets carefully so that the names on our recommended list are the names we have the most confidence in when it comes to putting your hard-earned money to work.

As always, our currently recommended names can be found on our industry-leading Best Dividend Stocks list.

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
Referenced Stocks: AXP , BTU , COF , FCX , HPQ , ORCL

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