Market Wrap-Up for Jan.30 (CHK, MAN, PSX, ACE, BXP, UNP, more)

As the markets waited to hear from the Federal Reserve for the first time this year (which ended being some of the same chatter as has been the case in recent updates), the averages slipped late in the session to snap the recent Fed meeting up day rally trend traders had been getting used to. A weaker-than-expected GDP may have also added to investor angst.

Earnings were part of today’s storyline as well, with investors cheering the results of Manpower (MAN), Phillips 66 (PSX), and Robert Half International (RHI), while selling the news on names like Boston Properties (BXP), Rockwell Automation (ROK), and ACE Ltd. (ACE). Shares of Chesapeake Energy (CHK) were higher following news the company’s long-time CEO will be stepping down, fueling rumors of a potential sale. Finally, cautious Wall Street commentary had shares of Union Pacific (UNP) and Lennar (LEN) trading in the red.

As always, consult The Dividend Daily for all the latest earnings reports and other important news affecting dividend stocks.

An Actual Headline: “The Dangers of Over-Saving”

It was funny to across the headline above in a personal finance article recently. It never fails that at the first hint we are in any sort of economic recovery, someone steps up ready to wipe away any lessons that should be remembered from our recent troubles. Our economy and those who have been hit hard by it can sometimes tend to fall back into bad habits when given the opportunity. Titles like the one above could give financially vulnerable people the wrong incentive that gets them in the same mess all over again. There’s almost never a balance when it comes to the media, it’s either “the end is near” or “guaranteed prosperity” — either of which can push one to making the worst investment decisions possible.

It’s a great thing to see the economic data come in better, but everyone has their own personal economic data they need to tend to. Forget the macro picture for a moment. What’s your personal balance sheet look like? Whether you are learning lessons yourselves or from things happening to others around you, stay in control and avoid ever getting too down or too giddy. Keep your composure and realize that opportunities are always around, but you have to be looking in the right places. In the end, assets that produce income are going to be the “rock” for any financial foundation. Pay a fair price and your returns will be good over time. Pay too much and it will take much longer to see a return on your capital (and sometimes you’ll lose money when you invest in something too risky or at too high a price). This concept applies to almost any investment class.

Our 2013 Dividend Stock Guide Has Arrived!

Our new members-only eBook has just been released! This 250-page guide to investing in 2013 contains a concise economic forecast for next year, including full previews for 60 big-name stocks! Be sure to head over to Premium and download it and get your game plan in place for all good things dividend-related in 2013!

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 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 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, 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!

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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