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Market Wrap-Up for Nov.13 (HD, ANF, DIS, FCX, MCD, more)

By Dividend.com Staff
November 13th, 2009

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It was another good week for the markets as all the major averages gained ground.

Volume was the lowest we have seen this week with 3.79 Billion shares traded on the NYSE, and 1.83 Billion shares traded over on the NASDAQ. Today’s market got a boost from strong earnings out of Walt Disney (DIS), Abercrombie & Fitch (ANF), and J.C. Penney (JCP). Also, positive Wall Street commentary helped push up shares of PetSmart (PETM), Freeport McMoran (FCX), and Qualcomm (QCOM). Other stocks that performed well included some of our recommendations such as McDonald’s (MCD), Public Storage (PSA) and Reynolds American (RAI).

There were some negative Wall Street calls as well, including downgrades of Noble Energy (NBL) and Sunoco (SUN). Gold (GLD) prices closed at the highs of the day. Oil prices were fat to slightly down (USO), while Treasuries (TLT) picked up at the close to finish positive.

Looking ahead to next week, we will be expecting earnings from the likes of Gap, Inc. (GPS), Home Depot (HD), Target (TGT) and many more. Be sure to check out this weekend’s Premium posts as well. Stay in touch with the latest and greatest names in the dividend stock world.

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

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.