As fourth quarter earnings begin to shape up, investors are looking for clues as to which direction stocks will head through the end of 2012. We’re sure to see sporadic volatility stemming from the upcoming Presidential election, and I’m sure the debates and latest poll numbers will only add to the daily gyrations.
Looking at today’s session, Family Dollar Stores (FDO) rallied on the back of the retailer’s earnings results. The same couldn’t be said for Monsanto (MON), which had a bit of profit-taking. The agri/seed giant’s shares are still up 27% YTD however. Elsewhere, well-known plays such as Kohl’s (KSS), Public Storage (PSA), and United Parcel Service (UPS) put up decent gains. On the flipside, investors took profits in names like Stanley Black & Decker (SWK), Dick’s Sporting Goods (DKS), and Chevron (CVX). With oil prices closing down by nearly $4 a barrel today, energy plays could be vulnerable. Saving the worst for last, Hewlett Packard (HPQ) was down nearly 13% as the company trimmed 2013 estimates amid a gloomy outlook for the company’s business prospects.
I read an excerpt from a recent presentation given by hedge fund legend Leon Cooperman. Mr. Cooperman really hit the nail on the head when it comes to what one’s mindset should be each day. As he put it, “Every morning a gazelle wakes up knowing he must run faster than the fastest lion or he will die, whereas the lion knows it must outrun the slowest gazelle or it will starve to death.” Paints a pretty powerful picture, don’t you think?
Each day, you must choose whether to improve yourself or simply fall behind. Are the personal relationships you deal with on a day-to-day basis adding to or taking away from your goals and dreams? Is the job you have sufficient enough to keep a solid money stream coming in? Better yet, is your job setting you up to take the next step higher? Are you making the smart decisions with your money each day to continually build wealth, or are you simply passing your money on to someone else? In other words, do you work in order to shop and spend, or do you work to save and invest?
Each day allows you to take a bigger step forward, and if you do take those steps, I can guarantee you’ll reach a much happier place. Take a look at your daily process and see if are setting yourself up to be a casualty or a survivor. Make sure you understand what it takes to remain one step ahead of your closest competition. The last thing you ever want to do is to have your own actions be the biggest threat to your financial well-being and overall long-term happiness.An Important Note Regarding the Best Dividend Stocks List
We want to make sure everyone understands that the stocks on our Best Dividend Stocks List are the names we currently like for new investor capital, regardless of what date the stock was first recommended on. If and when a stock is removed from the list, we will clearly state whether the stock should be sold (which is rare but occasionally will happen), or simply held in one’s account until we see a better entry point or catalyst.
And here’s one last thing to remember about what we do here at Dividend.com: it’s not just the names that we recommend that can help you build wealth, but also the things we try to steer you away from that are just as important. Forget about speculative or penny stocks, chasing unprofitable IPOs, and listening to the manic talking heads in the business media!A Dividend Capture Strategy for Active Investors
We now offer complete U.S. dividend data for all Dividend.com Premium members, so anyone that focuses on “Dividend Capture” trading strategies should have plenty of good stuff to research each day. Just check our enhanced Ex-Dividend Calendar, which is the best in the business, to search for upcoming payouts.
Speaking of dividend capture, Dividend.com Premium members can also access a 9-page report we published on the essential elements to any successful dividend capture strategy. Be sure to check it out here on the Premium homepage.
Thanks for reading everybody. I’ll see you tomorrow!
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