Market Monitor

May 02, 2012 at 16:14 PM EDT
Market Wrap-Up for May 2 (CHK, MA, APC, CVS, CBS, more)

The market took an early breather today, as economic headlines out of Europe continue to have some analysts and investors worried about further slowdowns, but we did see some of that early month buying pick up in the afternoon to help us close off the lows.

Looking specifically at the big earnings movers today, we saw some red for Chesapeake Energy (CHK). The natural gas producer has its hands full following its recent earnings report, and specifically the controversy surrounding its CEO/founder’s recent financial dealings. Meanwhile, stocks like Allergan (AGN), Anadarko Petroleum (APC), Devon Energy (DVN), and Mastercard (MA) were also down on their earnings news.

On the flip side, investors were buying the earnings story in stocks like IAC/Interactive (IACI), CBS Corporation (CBS), and CVS Caremark (CVS). For a full rundown of today’s big earnings reports, be sure to check out The Dividend Daily.

Keeping the Right Score

Last night, I had the job of keeping score for my son’s baseball team. Wouldn’t you know, the other team’s coach had accounted for a run that never happened. Despite my explaining the entire inning sequence to them, the team insisted on what they saw on their score sheet. As the umpire eventually had to explain to our opponents, they’d counted a run scoring on a pop-out during the final out of the inning (baseball fans out there will immediately recognize this situation and know that run doesn’t count).

As in baseball, keeping proper score in your investing life is extremely important. The best approach is to watch what analysts do, rather than what they say. This line of thought pertains to company executives as well. Sometimes management will paint nothing but blue skies, while they in fact are selling shares or divesting their own interests in the company.

For those who are comfortable with handling their own financial dealings, watching over your own investment portfolio is a great idea. As I always say, no one will care about your money more than you!

The Company You Keep

Growing up, I remember parents and teachers telling us to “be careful of the company you keep.” As I’ve gotten older, I’ve noticed that the company you keep tends to stay with us throughout our lives.

Surround yourself with slackers and you could soon find yourself looking for the easy way out, or even adopt a hate-to-work-hard attitude. I’ve heard it all from people during my years in the business world: “I don’t work retail, I don’t work weekends, etc.” Instead, if you fall in with an ambitious group of individuals, you might find yourself developing a drive you never thought you had.

We don’t even have to leave our homes these days to find the right environment for success. It’s easy to find some great online resources to both inform and inspire you. At Dividend.com, we try to show individuals a better way to invest, but also share thoughts about staying inspired, staying hungry, and building a success-focused mindset.

At the end of the day, as we get older, it is on us to find the right environment where we can reach out potential. All it takes is a willingness to take charge of our finances, consult the best sources, and consistently make the right decisions.

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!

Our Beat The Markets with Dividend Stocks eBook Has Arrived!

We just debuted our brand new 275-page eBook, exclusively on Dividend.com! In this digital-only book, we look ahead to 2012 and the main factors that could affect dividend investors. A $39.95 value, the eBook is a free download for paid Dividend.com Premium subscribers.

Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. It’s a great way to get prepared for your investing next year! So head over to the Dividend.com Premium homepage now to download your copy.

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.

Dividend.com’s Very Own National TV Commercial Has Debuted

Our first-ever television commercial! has started running on CNBC and the feedback has been wonderful. If you haven’t seen the link yet, you can check out our commercial here.

Thanks for reading everybody. I’ll see you tomorrow!

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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