Why the Dow's On Fire Today

Jobs are good, Dow is better.

Joel South
Joel South
Updated: Apr 7, 2017 at 2:14PM
Published: Aug 3, 2012 at 12:00AM
Author Bio
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.

Another strong performer is Kodiak Oil & Gas (NYSE: KOG), up 7% this morning. The company has once again made significant strides over the past quarter, growing revenue 288% year over year as well as surpassing EPS estimates by $0.15. Things are looking bright for Kodiak, especially if oil prices continue to march higher -- the company expects a 50% growth rate over the next few years.

The market is not quite sure what to make of SandRidge's (NYSE: SD) excellent second quarter. Since announcing earnings after the markets closed yesterday, the stock has been shifting drastically from sizable gains to heavy losses. The oil-heavy junior significantly beat on both the top and bottom lines while also raising its 2012 production outlook by 700,000 barrels of oil equivalent and reducing costs through increased production efficiency.

Foolish bottom line
The markets are off to a huge gain today after the solid July jobs report, but while the report beat expectations, the jobs figures are far from spectacular. Unemployment is still rising thanks to more people re-entering the work force, showing how far we still have to go for the economy to reach a healthy level of structural employment. Given the markets' continuing volatility, solid dividend-paying stocks become considerably more appealing. For this reason we have three dividend stocks that have storied traditions and outstanding balance sheets. Click on this free report to gain immediate insight into the three dividend stocks investors need.