Market Wrap-Up for Dec.17 (FCX, TWX, MOS, NEM, DFS, more)

Filed in gld, Gold, Gold Investing, Gold Investment, Guidance by on December 17, 2009 0 Comments

It certainly wasn’t a great day for the markets today after traders took their queue from the disappointing guidance out of FedEx ( FDX ) as well as a big downgrade on financial giants Goldman Sachs ( GS ) and Morgan Stanley ( MS ) by influential analyst Meredith Whitney. Gold ( GLD ) and gold-mining stocks were also hit hard, with Agnico-Eagle Mines ( AEM ) , Iamgold ( IAG ) and Newmont Mining ( NEM ) all lower. Other commodity-related plays moved lower, including Vale ( VALE ) , Mosaic ( MOS ) , Freeport McMoran ( FCX ) and Potash Corp ( POT ) . Devon Energy ( DVN ) bucked the downtrend and finished in the positive. Other names that struggled today include Joy Global ( JOYG ) , Time Warner ( TWX ) , and Discover Financial Services ( DFS ) . Oil ( USO ) prices finished lower, while Treasuries ( TLT ) moved up nicely. We are continuing to evaluate our current recommendations and will keep subscribers posted on any further changes we make. 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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Market Wrap-Up for Dec.17 (FCX, TWX, MOS, NEM, DFS, more)

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