Market Wrap-Up for Sept.9 (MCD, KR, TXN, MCO, GLW, GLD, more)

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Today's dismal performance from the markets wasn't so much about the jobs program speech from President Obama last night, but instead about news that ECB Executive Board Member Juergen Stark will be stepping down from his post. Various sources mentioned a conflict over the central bank's controversial bond-buying program may have led to the surprise resignation. At this point, there shouldn't be too many surprises when it comes to the daily headlines out of Europe. Trying to get two countries on the same page is a difficult task, let alone 17 member countries in the Eurozone.

Despite the European banking crisis, the U.S. dollar continues to remain weak (although we have seen a mini-rally the last few sessions). This fact certainly helps multi-national companies here in the states maintain recent profit margins. Seeing the 10-year treasury note trading with less than a 2% handle is surreal, as we continue to try and factor what the bond market's message is. Anyone saying the U.S. is not acting like Japan of the last few decades will certainly have a tougher case to argue against with these sort of developments.

Burgers Were Cold in August

Looking at today's market action, McDonald's ( MCD ) had an uncharacteristically tough day following the company's monthly sales update for August. As subscribers know, we had removed the stock from our Best Dividend Stocks list recently, advising investors to not put any new capital in the stock. MCD could certainly get interesting again if the selling gets a bit carried away. Meanwhile, supermarket play Kroger ( KR ) was lower as we continue to see supermarket chains struggle, with one exception being Whole Foods ( WFM ).

Texas Instruments ( TXN ) was able to reverse earlier losses following the company's tightening of its profit expectations. The stock had pulled back quite a bit this year, so market participants likely had already factored in the company's cautious tone. Elsewhere, Wall Street analyst downgrades pushed shares of Moody's ( MCO ) and Corning ( GLW ) lower. The SPDR Gold ETF ( GLD ) finished lower despite the weakness in equities.

Monthly Income - Tough to Retire Without It

A new report by the Insured Retirement Institute reiterates the message we push here at Dividend.com about planning for your retirement. According to the study, only 54% of the respondents have tried to calculate a financial goal for retirement, just 45% have consulted with a financial planner and 43% do not consider themselves knowledgeable about making financial investments. When asked to name the most important feature of a retirement investment product, the most popular answer was "guaranteed monthly income."

Each and every day here at Dividend.com, we try not only to find the best dividend stocks for one's portfolio, but also to keep our recommendations as current as possible for those looking to put new capital to work. Whenever we downgrade a name from our recommended list, the stock becomes a "Hold" (only in rare cases do we determine it's better to sell and alert investors to ring the register on a particular name).

I try to keep our message in the forefront whenever possible. Our newsletter now reaches well over 26,000 investors every day and continues to grow. I've been around the Wall Street game since the mid-90′s and I can tell you that much has changed. The investing world is constantly evolving, and despite all the insanity the markets can sometimes make you feel, you can count on us to keep things simple. Sticking to what works remains a constant for the most successful businesses and we certainly hear from our subscribers about what they enjoy and features that can still be improved. Like your favorite hometown restaurant, we try our best to keep our readers happy and stay consistent with our offerings.

Our success couldn't be possible without the support of all our readers, so thank you for allowing us to be a part of your investing playbook! Please pass this on to anyone you think we can get inspired and educated about building wealth and using common sense to do so.

Looking ahead to next week, quarterly earnings will be fairly light as we will feature results from Best Buy ( BBY ), Cracker Barrel ( CBRL ), and several others.

Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. And as always, you can view our current recommendations 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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: BBY , CBRL , GLD , GLW , KR

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