Market Wrap-Up for Apr.5 (ABI, AXP, BLK, PRU, YUM, more)

The reaction to this morning’s jobs reports had not been good for the markets, but we did see the averages pull off the lows of the session by the close. The lack of jobs created overshadowed the small tick lower in the overall unemployment rate (we’ve maintained all along that the official government unemployment number is far from an accurate reading on the health of the job market, since it doesn’t take into account millions of underemployed Americans, nor millions more who are jobless but simply don’t qualify for unemployment).

Looking at today’s big movers, the financials certainly felt some of the brunt of the selling. Names like American Express (AXP), BlackRock (BLK), and Prudential (PRU) led the way lower. Other well-known names that lagged included casino operator Las Vegas Sands (LVS) and fast-food chain operator Yum! Brands (YUM). One name bucking the overall selling was Hanesbrands (HBI), which guided estimates higher as well as initiated its first-ever quarterly dividend.

Why Being Right Today is So Over-Rated

With the recent commentary from the SEC, and its now willingness to embrace social media outlets as ways for companies to disseminate corporate information, we continue to come full circle to what I feel will ultimately be mostly a trader’s market when it comes to news and research. Today’s business media is pretty much there already with how they attack their coverage each market day, attempting to sell increased risk appetite to investors.

I stay on top of all of the key market gurus out there, and it’s becoming clearer that the pressure to deliver “winners” on a short-term basis has been increasing steadily in recent years. Inversely, the credibility of what may have been previously superb market clarity has been falling.

True wealth rarely gets built around someone’s ability to time the markets perfectly over the years. For regular investors who don’t possess the market expertise or time to commit to the markets full-time (most people should not try it anyway, as the success rate of traders is abysmally low), just understand that buying assets that produce income at attractive prices will be the ticket to financial freedom over time. This timeless fact remains, despite the obvious push to get investors to make the leap into risking way more than they need to on a daily basis.

Dividend Stock Recommendation Changes

Be sure to check out today’s changes we made to our best dividend stocks list as five names were removed. In the wake of recent valuations and super-strong market action, we are tightening the list of names we think investors should be considering for new capital commitments.

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, earnings releases for the second quarter get started. Some of the companies reporting next week include Alcoa (AA) and Family Dollar Stores (FDO), just to name a few.

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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