Market Wrap-Up for Mar.16 (PSA, FCX, WMT, POT, BTU, TD, more)

in Federal Reserve Gold Gold Investment by admin — March 16, 2010 1:52 pm | no comments

The recent trend of the market rallying before a Federal Reserve interest rates announcement was in force once again today. Most market particiapants were not expecting a rate increase, and the there was no surprise as the Fed stood pat on rates. Commodity-related shares were up after a bullish Wall Street call helped lift shares of Peabody Energy ( BTU ) following yesterday’s sell-off. Other names that moved up included Schnitzer Steel ( SCHN ) , Potash ( POT ) , and Freeport McMoran ( FCX ) . Most of these dividend stocks have fairly low dividend yields and are the most risky for long-term investors that are not able to be as nimble as active traders. Wal-Mart Stores ( WMT ) and Phillips-Van Heusen ( PVH ) continue to gain following yesterday’s spike higher. Other stocks that moved higher and are currently on our “recommended” list included Public Storage ( PSA ) , Dr. Pepper Snapple Group ( DPS ) , and Toronto-Dominion Bank ( TD ) . We are concerned that some of our recommendations are beginning to get a bit overdone after the mamy months of continued gains. We’ll be sure to keep subscribers alerted as to any changes we decide to 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 .