The market had plenty of interesting items to keep tabs on today, as we continued to wait for the outcome regarding the banking deposit tax in Cyprus as well as what the Federal Reserve comments were going to be. The Fed wrapped up its two-day meeting this afternoon, and announced little change to its ongoing monetary policy plans.
As for the movers and shakers on today’s stock tape, we had earnings results moving the needle higher for the likes of General Mills (GIS), Lennar (LEN), and Williams-Sonoma (WSM). WSM announced a dividend hike as well. General Mills had announced a dividend increase a few days back. Looking at stocks not faring as well with earnings results, logistics giant FedEx (FDX) ended lower, as were shares of uniform-supply giant Cintas Corp (CTAS).
Wall Street analyst upgrades helped push up shares of Amgen (AMGN) and Cummins Inc. (CMI), while cautious comments weighed on names like Occidental Petroleum (OXY), Apple (AAPL), and Deere & Co. (DE). Caterpillar (CAT) shares are lower following the company’s February sales update.Eventually, Everyone Needs a Supporting Cast
It was interesting to read how tennis great Roger Federer has played most of his career without a coach. Up until last year, he went about his business alone and made the corrections he felt he needed to make in his game on his own. But anyone that is a tennis player or has watched the sport will tell you that age becomes a big factor in being able to succeed. It’s like that in most sports, but with tennis it can seem more pronounced at an earlier-than-usual age. Federer realized as his game began to show some cracks, the ability to fix what he previously could on his own was no longer as easy as it used to be.
When we look at our own lives, a similar notion can certainly be applied as we progress through various phases of our life journey. There will be plenty of stretches where going solo adds up to amazing results, but there will also be roadblocks that pop up eventually. It is at these times where we must develop a solid supporting cast — not to just agree with everything we hope they would — but also counter with processes/solutions that we may have never contemplated.
So whether we seek improvements in our career, in our investment results, or in our business, we need to identify people who can indeed be a great source of the motivation, honesty, and fresh thinking to help us accomplish our goals.Our 2013 Dividend Stock Guide Has Arrived!
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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!A Dividend Capture Strategy for Active Investors
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Thanks for reading everybody. I’ll see you tomorrow!