Market Wrap-Up for Nov.6 (WTW, EOG, NYX, EMR, CVC, more)
The market stayed in the green from start to finish as voters went out to the polls to determine who will be leading our country for the next four years. The biggest fear among market-watchers is a race that becomes too close to call and whose final result lingers for days.
With that said, all we can do at this point is focus on the names making headlines today. With regards to earnings, we saw nice rallies in shares of Weight Watchers ( WTW ), Computer Sciences ( CSC ), and EOG Resources ( EOG ) following their quarterly reports. On the flipside, investors sold shares of NYSE Euronext ( NYX ) and Cablevision Systems ( CVC ) on their earnings numbers. Lastly, Emerson Electric ( EMR ) traded higher following the news the company has increased its dividend payout.
Election Day has arrived and with it, the end of non-stop campaign promises, radio/tv commercials ripping the other candidate for their misleading ads and political records. That said, there is always some hope that a real difference-maker will be elected and actually enact some meaningful improvements during their tenure. Let's all keep some optimism alive as we vote today.
You Want Income Equality (Grab it Yourself)
Headlines about income inequality continue to be in vogue these days. The discrepancy between the rich and poor is undeniable, and I can guarantee one thing: we will never see a fair balance of wealth. Some of the reasons behind this fact are built into our employment system.
In my teenage years, I took a job at the local post office. In that environment, no matter how hard you worked (or how much you slacked off), your pay raises would roughly correspond with those of your coworkers. No wonder morale was so low! There was absolutely no incentive to achieve better results. In fact, my fellow postal workers became angry with me for working so hard (basically coming back from my mail route 60-90 minutes earlier than the regular carriers would) because it made them look bad.
I quickly realized I needed to challenge myself more and not be capped by the system. Hence, my entrepreneurial spirit was born. I wanted to be in a situation where the harder I worked, the more money I made. Starting my own business was the only way I could make that happen.
Whether you believe there should be "income equality" or not, you can improve your own balance sheet by taking charge of your finances. Making the right financial and career moves will put you in the driver's seat.
Income, Income, Income
At Dividend.com, we maintain our focus on the best income-producing investments the markets have to offer during time of heightened volatility. We want to make sure we have only the most pullback-resistant names on our Best Dividend Stocks List . Also, if we see the market putting in what looks like a decent bottom, we will be prepared to scale up the list of stocks we like. Stay tuned and be sure to look for Dividend.com Premium member alerts along the way. Don't count on the government or your employer to set you up for a remarkable retirement. Take control, do your own research, and achieve your goals yourself!
Go Beyond This Newsletter
We know many of you enjoy reading the daily newsletter, but remember that with our Dividend.com Premium service, the newsletter is just one small component of what we offer. Here are the "Big Three" benefits of our Premium service:
- The Best Dividend Stocks List is used by tens of thousands of investors to help build their own portfolios.
- Creating your own Watchlist allows you to track the performance, news, and upcoming dividend payouts of the particular stocks you care about.
- Finally, we offer the most complete and easy-to-use dividend data on the web. Many subscribers use this data as part of a "Dividend Capture" trading strategy, but long-term investors can use it to keep track of impending payouts. Just visit our Ex-Dividend Calendar for a complete outlook on which companies will be paying out soon.
We don't ask for a credit card to use our free trial, and we don't bill you when your trial ends. No obligation whatsoever! So keep enjoying the newsletter, but please give Dividend.com Premium a shot if you haven't already subscribed!
Thanks for reading everybody. I'll see you tomorrow!