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Stocks finished the week on the downside Friday with the Dow Jones Industrials Average Index losing everything it gained in the middle of the week due to the Federal Reserve bombshell. The week still was not lost, with all three indices making gains. The Dow Jones Industrials gained 0.49% on the week, S&P 500 gained 1.3% on the week, and the Nasdaq gained 1.41%.

This was a week filled with volatility with the Federal Reserve announcing that they would leave their bond buying program intact for now. In addition to that, we got news that existing home sales jumped 1.7% in August which was better than expected while the consumer continued to pummel the services sector by not going out to eat as evidenced through Cracker Barrel's (NASDAQ:CBRL) and Darden's (NYSE:DRI) earnings announcements.

So with all this good news/bad news going on in the macroeconomic environment I maintain that it is still difficult to find good stocks these days and that's why I'm highlighting a select set of excellent companies which have had ex-dividend dates or paid out a dividend during this past week or early next week, which people should place on their radar.

General Electric (NYSE:GE)

General Electric is a diversified technology and financial services company operating in the segments of aircraft engines, power generation, industrial products, water processing, household appliances, medical imagine, and business and consumer financing. On 19Jul13, GE reported second quarter 2013 earnings of $0.36 per share. This result was beat the consensus of the 13 analysts following the company by a penny and missed last year's second quarter results by 5.26%. General Electric's PE ratio is below the capital goods industry average and signals that investors are not willing to pay a premium for this stock, making it a value story. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate. The stock is up 8.59% in the past year compared to the S&P500's 16.66% gain. The company went ex-dividend on 19Sep13 with a $0.19 per share dividend which will be paid on 25Oct13 for a yield of 3.17%. During the week the company appointed Oil & Gas CEO Dan Heintzelman as a vice chairman and is being replaced by Lorenzo Simonelli. During the week Boeing (NYSE:BA) and GE Capital Aviation Services finalized a $2.9 billion order for 10 787-10s, making the deal official after having been tentatively struck back in June. Other news includes a potential win for the aviation segment of the company in the form of Pratt & Whitney (NYSE:UTX) and Rolls-Royce (OTCPK:RYCEY) have abandoned a joint venture for the production of turbofan engines, but Pratt & Whitney remains committed to go alone on the project. In other news, Lufthansa (OTCPK:DLAKF) has ordered 34 777-9X planes from Boeing in which the plane will be using GE engines. As we can tell from the news this week, GE's aviation segment is hitting on all cylinders. Let's take a quick look at the technicals here to see if it can be bought at these levels or if a pullback is coming. As we can see, the relative strength index hit overbought territory and began to descend with a current value of 55.1 while the MACD chart below shows the black line starting to decline meaning there is downward pressure on the stock. I am not going to be pulling the trigger now because I expect the stock to pullback to about the $23 level. At that point I will re-evaluate.

(click to enlarge)

Transocean Ltd (NYSE:RIG)

Transocean is an international provider of offshore contract drilling services for oil and gas wells. On 07Aug13, Transocean reported second quarter 2013 earnings of $1.08 per share. This result was in-line with the consensus of the 36 analysts following the company and beat last year's 2 quarter results by 50.00%! Transocean's PE ratio is among the lowest of any stock in the oil well services & equipment industry and signals that investors have not been willing to pay a premium for this company's business prospects, making it a value story. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate. The stock is down 3.25% in the past year compared to the S&P500's 16.66% gain. The company went ex-dividend on 21Aug13 with a $0.56 per share dividend which was paid on 18Sep13 for a yield of 4.97%. During the week Credit Suisse (NYSE:CS) indicated offshore drillers such as Transocean, Diamond Offshore (NYSE:DO), and Ensco (NYSE:ESV) are being targeted by short sellers. Let's take a quick look at the technicals here to see if it can be bought at these levels or if a pullback is coming. As we can see, the relative strength index is near oversold territory and began to descend with a current value of 36.77 while the MACD chart below shows the black line starting to decline meaning there is downward pressure on the stock. I am not going to be pulling the trigger now because I expect the stock to pullback to about the $43 level. At that point I will re-evaluate.

(click to enlarge)

L-3 Communications Holdings Inc (NYSE:LLL)

L-3 Communications is a prime contractor in command, control, communications, intelligence, surveillance, and reconnaissance systems, aircraft modernization and maintenance, and government services. On 25Jul13 L-3 Communications reported second quarter 2013 earnings of $2.03 per share. This result beat the $1.93 consensus of the 14 analysts covering the company and beat last year's second quarter results by 5.73%. L-3 Communications' PE ratio is among the lowest of any stock in the aerospace & defense industry and signals that investors have not been willing to pay a premium for this company's business prospects, making it a value story. However, during the past year, earnings growth has lagged its historical five year growth rate. The stock is up 30.26% in the past year compared to the S&P500's 16.66% gain. The company went ex-dividend on 15Aug13 with a $0.55 per share dividend which was paid on 16Sep13 for a yield of 2.31%. The company has been raising its dividend for the past 10 years at a 5-year dividend growth rate of 15.3%! Let's take a quick look at the technicals here to see if it can be bought at these levels or if a pullback is coming. As we can see, the relative strength index hit overbought territory and began to descend with a current value of 64.56 while the MACD chart below shows the black line starting to decline meaning there is downward pressure on the stock. I am not going to be pulling the trigger now because I expect the stock to pullback to about the $92 level. At that point I will re-evaluate.

(click to enlarge)

Waste Management Inc (NYSE:WM)

Waste Management, Inc. is a provider of waste management services in North America which collects, transfers, recycles and disposes of waste. On 30Jul13, Waste Management reported second quarter 2013 earnings of $0.54 per share. This result was below the consensus of the 10 analysts following the company by a penny and beat last year's 2 quarter results by 3.85%. Waste Management's PE ratio is below the waste management services industry average and signals that investors are not willing to pay a premium for this stock, making it a value story. However, during the past year, earnings growth has lagged its historical five year growth rate. The stock is up 30.26% in the past year compared to the S&P500's 16.66% gain. The company went ex-dividend on 04Sep13 with a $0.365 per share dividend which was paid on 20Sep13 for a yield of 3.47%. The company has been raising its dividend for the past 10 years at a 5-year dividend growth rate of 8.1%! Let's take a quick look at the technicals here to see if it can be bought at these levels or if a pullback is coming. As we can see, the relative strength index is near overbought territory and began to descend with a current value of 61.22 while the MACD chart below shows the black line starting to flatten-out meaning there may be downward pressure on the stock. I am not going to be pulling the trigger now because I expect the stock to pullback to about the $41 level. At that point I will re-evaluate.

(click to enlarge)

Conclusion

I've highlighted these names because they have all raised their dividend (or initiated them when it comes to Transocean) within the past year and are poised to do so again in the coming years. It's important in this market to be able to hold onto companies which raise their dividend rates because it is a sign that the underlying company is doing well financially. The importance of these stocks I've highlighted is that they are value plays while the broader market is getting choppy. I believe we are at a point in the market where we have to look for value.

Disclaimer: These are only my personal opinions and you should do your own homework. Only you are responsible for what you trade and happy investing!

Disclosure: I am long GE, LLL, RIG, WM. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Source: Wait On GE And These Other 3 Dividend Value Stocks, Then Buy