Market Wrap-Up for Mar.2 (WYNN, TRV, MA, V, YELP, GLD, more)

Despite some grumblings from Spain overnight about the country’s deficits, the markets ended the week fairly quiet.

Shares of Wynn Resorts (WYNN) moved up sharply today on news the company may be building a new resort in Macau. Recent slowdown fears in Asia had been putting a cap on the casino giant’s shares, which have since been halted as the company meets with analysts. A cautious Wall Street analyst call had shares of Traveler’s (TRV) seeing a bit of red early on. Credit card plays Visa (V) and MasterCard (MA) pulled back, erasing most of the gains we saw earlier in the week. Gold (GLD) was unable to rally back late in the week following a huge sell-off mid week. Market technicians are considered about gold making lower highs.

IPO Frenzy

The latest social media brand to go public is Yelp!, which offers user-generated reviews and information on local businesses and service providers. The company priced its IPO at $15 and opened up for trading at $22 this morning, eventually closing at $24.53. The company’s market cap at its $15 pricing last night was around $900 million (based on the closing price, the market cap is now approaching $1.5 Billion!). That valuation is for a company that did $83 million in revenue in 2011 and is still yet to turn a profit after 7 years in business.

We’ve seen a lot of similar speculation lately in the momentum space. Often times, this trend leads to a meltdown in the most popular high beta names, so investors should take note of these kinds of moves.

Of course, the big kahuna, Facebook (which is profitable at least), is the main IPO everyone will be watching for in 2012. The timetable for its IPO is supposed to be this May. It’ll be interesting to see how traders approach that name, and if we see any of the most conservative investors get lured in as well.

It Ends When it Ends

Fans of 70′s television probably remember “The Monkees” show, along with the title band’s catchy music. It was sad to hear about their lead singer (and most famous of the bunch) Davey Jones passing away suddenly at the age of 66 this other day due to a massive heart attack. He was apparently still very active performing and had been in reportedly good health before his passing.

None of us know when our final day will come, so it makes sense to be as prepared as possible ahead of time. No one wants their family to be left scrambling should they suddenly pass. I remember back when I was a full-time trader, I’d sometimes worry about what would happen if I were to meet an untimely demise. My solution — in terms of my trading — was to instruct my wife to simply close out any trades I had open.

When it comes to dividend investing, I have almost the exact opposite plan. I want to make sure the stocks I own continue to be held, the dividends reinvested back into more shares. We’re often contacted by people asking about dividends they’ve inherited from parents or grandparents and how to get financial details on them. Unfortunately we’re not a broker and can’t offer much help to them directly, but I imagine some of those folks have quite a fortune awaiting them.

Whenever you hear about famous people passing at relatively young ages, you naturally think about your own mortality. As a big Met fan, the recent passing of Gary Carter at age 57 from brain cancer was a shocker as well. Such is life, I suppose. All we can do is live each day to the fullest and do our best to ease the financial burdens on those we’ll eventually leave behind.

Nothing Cookie-Cutter Here

We now live in a world where people’s attention spans are shorter than ever. Kids, especially, face numerous distractions from electronic devices that keep them constantly connected to their social circles. I feel for teachers these days, who are saddled with the task of keeping kids’ attention and focus. It certainly can’t be easy!

Adults, too, face similar distractions on a day-to-day basis. That’s why in this newsletter, I try and find nuggets of interest that you wouldn’t normally expect to find in a financial publication. When the overall subject of building wealth and being smart about it is the underlying message, I hope no one ever finds the newsletter cookie-cutter in any sense of the word.

New Dividend Stock Recommended Today!

We just upgraded a new dividend stock this morning onto our industry-leading Best Dividend Stocks List. Be sure to check out our post detailing the upgrade if you haven’t already.

Our Beat The Markets with Dividend Stocks eBook Has Arrived!

We just debuted our brand new 275-page eBook, exclusively on! In this digital-only book, we look ahead to 2012 and the main factors that could affect dividend investors. A $39.95 value, the eBook is a free download for paid Premium subscribers.

Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. It’s a great way to get prepared for your investing next year! So head over to the Premium homepage now to download your copy.

A Look to Next Week and a Weekend Preview

Looking ahead to next week, earnings will begin to lighten up with some of next week’s big names reporting results include Vail Resorts (MTN), Men’s Wearhouse (MW), American Eagle Outfitters (AEO), Altera Corp (ALTR), and more.

Be sure to catch up with our latest watchlist updates this weekend on Premium, including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. And as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List.

Thanks for reading, and I’ll see you this weekend! P.S. Please pass this e-mail on to someone you think can use some financial motivation as well as being kept in the financial news loop that could affect them.

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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