Market Wrap-Up for May 11 (MA, V, BLK, CNX, X, CF, COP, more

Filed in dividend, Gold, Gold Investing by on May 11, 2010 0 Comments

We have been getting asked if last week’s sell-off was a major “buying opportunity”. Despite what appeared to be a significant pullback, many of the names that are currently on our “recommended” list, did not see much of any major correction to speak of. Many of the momentum growth-style names that we see moving double-digits were opportunities, but only if you are skilled enough and have the discipline to be a nimble trader. Is there a better opportunity coming? I certainly see lots of danger on the horizon that could trigger further downside, but we will need to continue to monitor the names on our list and continue to go through our data to be sure our “Best Dividend Stocks” list is positioned well for when those events possibly occur. In the meantime, the markets were able to shake off a bit of early selling to trade a bit higher, but by day’s end the indices closed lower for the most part. Commodity-related names like U.S. Steel ( X ) , CF Industries ( CF ) , and Consol Energy ( CNX ) did not participate much in the intraday bounce and lagged most of the day. Also trading poorly were financial plays Mastercard ( MA ) , Visa ( V ) , and Blackrock ( BLK ) . Names that did manage to buck the downtrend included Hasbro ( HAS ) , ConocoPhillips ( COP ) , and Darden Restaurants ( DRI ) . 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 May 11 (MA, V, BLK, CNX, X, CF, COP, more

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