Similar to last Friday, we saw a tough morning session as investors parsed through some disappointing data on the retail sales side. However, just like last week, buyers stepped up once again to get us to close off the lows of the session.
We had a sprinkling earnings that were weighing on the indices. India-outsourcing giant Infosys (INFY) was hit hard on a cautious outlook, following their earnings results. Also lower was transports play J.B. Hunt (JBHT), which reported its numbers. Financial banking giants J.P. Morgan (JPM) and Wells Fargo (WFC) ended down a touch following their earnings releases. Weakness in the financial sector space also spread to credit card plays Mastercard (MA) and Visa (V), with both names catching a Wall Street analyst downgrade this morning. Home Depot (HD) bucked the overall selling on positive analyst chatter. Finally, it was a brutal day for commodities, in particular metal prices. Gold (GLD) prices plummeted over $75 in today’s session, below the $1500 an ounce level.
When we decided to dedicate our investment research to the dividend space, it wasn’t because we felt it was a big secret or a hot new fad. Instead, we wanted to be involved in an area that has remained among the most proven and reliable investing strategies for several decades.
Not only did we aim to be the #1 source for the best dividend investment research, but also be the guide to how people approach their overall investing strategy. This daily newsletter is one of our most popular features of our service, and part of the reason people like it so much is because we keep them focused on long-term success.
Many investors lose money when they try to become active traders. Remember my mention of Bitcoins earlier in the week as the euphoria was spreading all around the media. The price has quickly plummeted and the media has quickly moved on.
Of course, there will always be times when we purselves need to pull some weeds out of a portfolio. We keep our subscribers posted as to when those times occur. For the most part, we focus on breaking down current price points, dividend yields, earnings prospects, and whether stocks should be bought now or simply held onto. Our Best Dividend Stocks List is made up only of the names we feel have the best current risk/reward scenario.
The dividend concept has worked for a long time and will continue to do so. But if you take a more manic approach to your investing, your long-term results will almost certainly suffer. Focus on putting your capital to work regularly in the highest-quality names, and investing becomes pretty simple. And yes, despite our concerns with recent valuations, we are still avoiding jumping to the sidelines and 100% cash as a decent numbers have wrongly done for the past few years.NEW! Stock Charts on Dividend.com
We just added a great new feature to Dividend.com this morning: stock charts! Now you can view long- and short-term charts for all the dividend stocks we cover. Just look up a company or symbol using the “Company or Symbol” search box in the upper left hand corner of any page on the site, and you’ll be taken to our brand new stock profile pages. Stay tuned for more great features as we continually strive to improve your Dividend.com experience.Looking Toward Next Week
Looking ahead to the next week for stocks, earnings releases for the second quarter kick into high gear. Some of the companies reporting next week include Citigroup (C), Johnson & Johnson (JNJ), Microsoft (MSFT), Pepsico (PEP), General Electric (GE), and McDonald’s (MCD).
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