The Dividend Daily

The market has been real manic going back to last week. The results of many companies are actually quite good, but when you dig a bit deeper, you see there is a lot of cost-cutting which can bring the numbers up, but that will only last for so long. There needs to be some sense that companies are not losing revenue growth for investors to get a bit more comfortable putting more money to work.

Volume was heavy for a Friday session, as we did 6.5 Billion shares on the NYSE and 2.55 Billion shares on the NASDAQ. As we take a look at what happened today, you can see that some of the well-known consumer plays held up better than other parts of the market. They were companies like Kellogg (K) and Colgate-Palmolive (CL). Some of the areas that had a big spike yesterday did the exact opposite today, with commodity plays like U.S. Steel (X), Schlumberger (SLB), Monsanto (MON) and Consol Energy (CNX) leading the way lower. Other names that struggled today, included Bank of America (BAC), General Electric (GE) and Dow Chemical (DOW). Oil (USO) and Gold (GLD) prices got hit hard, while Treasuries (TLT) rallied on the weakness in stocks.

Lots of earnings out next week as well, with names like Kraft Foods (KFT), Mastercard (MA), Allstate (ALL) and many more. Be sure to catch the premium weekend posts where we share a lot of our research ideas for names that may not currently be on our “recommended” list, but may soon be.

We removed a group of names earlier and are currently analyzing any other names that we would like to move to the sidelines on. Just a heads up, the more likely names we are targeting are the “aggressive” plays that have a lower dividend yield. There is less protection on the downside if we do undergo a decent-sized correction

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.