Wall Street Fundamentals Releases New In-Depth Stock Reports on BHI, KMI, RRC and WPX
Energy stocks in the S&P 500 Index fell across the board Thursday after the Federal Reserve announced plans to begin curbing stimulus measures. The SPDR Energy Select Sector ETF (NYSEARCA: XLE) declined 2.91 percent, while the S&P 500 Index posted a decline of 2.50 percent. Fed Chairman Ben Bernanke has stated that the government would slow down bond purchases later this year and end them all together the end of 2014 if the economy continues to improve. Oil prices were also pressured by disappointing manufacturing data from China signaling a further cooling in the nation’s economy.
Baker Hughes Inc. (NYSE: BHI) shares traded in the range of $44.75 to $45.53 Thursday before settling to close at $44.92, a decrease of 2.11 percent. The stock appears to be some facing resistance at $45.09 with some support at $44.67. Shares of Baker Hughes have gained approximately 10.0 percent in 2013.
More information on Baker Hughes and access to the free equity report can be found at:
Kinder Morgan Inc. (NYSE: KMI) shares traded in the range of $36.10 to $37.73 Thursday before settling to close at $36.30, a decrease of 4.62 percent. The stock appears to be some facing resistance at $36.60 with some support at $36.15. Shares of Kinder Morgan have fallen approximately 2.75 percent in 2013.
More information on Kinder Morgan and access to the free equity report can be found at:
Range Resources Corp. (NYSE: RRC) shares traded in the range of $75.99 to $78.45 Thursday before settling to close at $77.52, a decrease of 2.17 percent. The stock appears to be some facing resistance at $78.54 with some support at $77.48. Shares of Range Resources have gained approximately 23.4 percent in 2013.
More information on Range Resources and access to the free equity report can be found at:
WPX Energy Inc. (NYSE: WPX) shares traded in the range of $18.74 to $19.69 Thursday before settling to close at $18.80, a decrease of 5.62 percent. The stock appears to be facing some resistance at $18.84 with some support at $18.48. Shares of WPX Energy have gained approximately 26.3 percent in 2013.
More information on WPX Energy and access to the free equity report can be found at:
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals
Source: Accesswire IA
(June 21, 2013 - 8:04 AM EDT)
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