Market Wrap-Up for Jan.31 (MEE, CNX, WLT, DRI, FCX, POT, INTC, more)

As the market got started on this new week, market participants were keeping a close eye on the doings going on in Egypt, but a big coal merger put a bid into numerous energy-focused plays. Before we dig into that, I just want to remind everyone that we added a new name to our best dividend stocks list this morning, so be sure to check out the upgrade if you didn’t see the e-mail alert we sent out earlier to Dividend.com Premium subscribers. Looking at the big deal of the day, Massey Energy ( MEE ), which had long been a subject of ongoing takeover rumors, finally did catch a bid over the weekend. The company will be getting taken over by Alpha Natural Resources( ANR ) at a valuation that is about 30% below its all-time high levels hit in June of 2008. That news helped push shares like Consol Energy ( CNX ) and Walter Energy ( WLT ) nicely higher. We also saw seeing buying spread to other commodity names, including Freeport McMoran ( FCX ) and Potash Corp ( POT ). Darden Restaurant ( DRI ) shares were up on news the company is lifting its outlook. There has been a worry in the market when it comes to food/restaurant plays, and how they will be having to deal with higher commodity costs. We’ll keep an eye on the sector to see if other companies are able to dodge the rising food cost bullet as well. Lastly, Intel Corporation ( INTC ) managed to close unchanged despite news the company is cutting its earlier margins guidance, following a chip design glitch that will hit the semiconductor giant’s bottom line this coming quarter. Lots of gloomy headlines about Social Security possibly dissolving sooner than experts have been predicting last week, so I wanted to look for nuggets to write about retirement this morning. I wanted to focus on some baby boomer tips from a recent U.S. News & World Report, and add my own two cents to each. Baby Boomer Tip #1 – “Sign up for Medicare on time.” This is a no-brainer and who wouldn’t want to be able to free up money that can be saved or used for other necessities? As people continue to live longer, some of the savings from not having to pay for your own expensive plan can even go into quality dividend stocks that provide a nice yield each year. Baby Boomer Tip #2 – “Schedule your free physical…

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Potash (NYSE:POT) Poised for Strong volumes, Demand, Pricing

Filed in Gleacher and Company, Gold Prices, Guidance, o, Potash, potash corp, silver by on January 28, 2011 0 Comments

The agriculture sector continues to have a strong outlook, including fertilizer giant Potash Corp. (NYSE:POT), which is expected to have a strong year in 2011. Gleacher noted, “while management is confident that global spot prices are likely to rise on strong demand, their guidance did not include higher potash prices, though they do see the potential for prices to move higher as the gap between

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