This morning’s better-than-expected employment data did not provide the markets with the usual big pop early on, but buyers did appear by the close.
In the meantime, we were watching some names making headlines, including H&R Block (HRB), which was up on earnings results. Foot Locker (FL) had the opposite reaction as investors sold on their earnings numbers. Elsewhere, Texas Instruments (TXN) was fairly unchanged despite the company raising guidance.
Wall Street analyst calls also had an impact, with positive chatter helping lift shares of Vornado Realty (VNO) and Whirlpool (WHR), while cautious commentary had Tiffany’s (TIF) and Rockwell Automation (ROK) ended a bit lower.Billionaire’s List Controversy Dominates the Air Waves (Oh the Problems!)
It’s amazing to see how much media coverage the quarrel between Forbes magazine and Saudi Prince Alwaleed Bin Talal is getting. Bin Talal is upset over his ranking on the magazines’ annual billionaires list. Apparently the metrics used by the magazine had the Prince ranked 26th on the list, with his net worth being pegged at $20 billion. This did not go over well with the Prince, and the financial media was all over the disagreement.
Representatives from both sides were taking to the airwaves yesterday to make their points. I wonder if the trend of billionaires arguing about their net worth or their opposing views on particular stocks (Icahn vs. Ackman on Herbalife shares, for example) is set to be a mainstay for us viewers to gain further insight on what it’s like to have “problems” like these.
For myself, and I’m sure for most of our readers, this sort of media infatuation is bordering on the absurd, and provides little value viewers/readers that are looking to major media outlets for help in their investing. I’m sure anyone that has been reading my work here knows by now that one must develop his or her own tools and processes — along with a small set of research sources — that fit their investing style. Maybe some of us will be fortunate enough to reach even a sliver of the heights of the same billionaire investors that dominate the airwaves, but please remind yourselves to remain humble in your process of getting there.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, we continue to see the number of earnings releases for the quarter wind down. Some of the companies reporting next week include Men’s Wearhouse (MW), Guess (GES), Costco (COST), and Dick’s Sporting Goods (DKS)..