Dividend.com: Walgreen Pulls Out

We caution investors against bottom-fishing in either company at this point.

MetLife is not recommended at this time, holding a Dividend.com Rating of 3.1 out of 5 stars. Hartford Financial Services is not recommended at this time, holding a dividend.com rating of 3.0 out of 5 stars.

Men's Wearhouse Cuts Earnings Outlook on Shopping Slowdown

Men's Wearhouse(MW Quote) announced after the bell yesterday that it is cutting its third-quarter earnings outlook Wednesday by about 30%.

The company is seeing fewer shoppers amid the current economic slowdown. Management specifically cited reduced traffic levels from previous expectations -- largely a direct reflection of the recent turmoil in the credit markets -- which appears to be impacting recent consumer buying patterns.

The company now expects to earn between 22 cents and 26 cents per share -- below its previous guidance of 34 cents to 38 cents per share.

We have avoided the shares since we began coverage in early June. At the time, the stock was trading around the $20 level. We remain cautious on MW and its 1.59% dividend yield -- based on last night's closing stock price of $17.64.

Men's Wearhouse is not recommended at this time, holding a Dividend.com Rating of 3.0 out of 5 stars.

IBM Reaffirms Earnings Guidance, Stock Will Be a Key to Today's Trading

IBM(IBM Quote) gave investors a bit of optimistic news last night as the company affirmed its full-year outlook after the bell yesterday.

The stock was up nearly $5 after hours -- when the company said its third-quarter net income jumped 20 percent to $2.8 billion. Some of the gains were currency-related, however, so we will see how this news plays out when the market digests its.

Similar to Oracle's(ORCL Quote) pattern of meeting earnings expectations, IBM's key to success has been retention of its services and software contracts.

It should be interesting to see if this news can muster a sustainable rally in IBM shares, which have dropped over $25 in the last seven trading sessions. We had removed shares from our "Recommended" list back on Sept. 9, when shares were trading at the $115 level.

IBM is not recommended at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.