Wall Street Fundamentals Releases New In-Depth Stock Reports on CVS, LMT, RAI and WPX
Markets surged Tuesday as Federal Reserve Chairwoman Janet Yellen's testimony signaled continuity in monetary policy. The Dow Jones gained 1.22 percent, while the S&P 500 Index rallied 1.11 percent, now down just 1.55 percent for the year. "Many of the risks everyone had their eyes on for 2014 are quickly being cleared away," said Kristina Hooper, head of U.S. investment strategies for Allianz Global Investors. Here is how some S&P 500 companies reacted Tuesday:
CVS Caremark Corporation (NYSE: CVS) shares traded in the range of $68.21 to $69.71 Tuesday before settling to close at $68.77, an increase of 2.73 percent. The stock appears to be facing some resistance at the $69.18 and $71.80 levels with some support at $68.24 and $67.27. Shares of CVS Caremark have fallen approximately 4.0 percent year-to-date.
More information on CVS Caremark and access to the free equity report can be found at:
Lockheed Martin Corporation (NYSE: LMT) shares traded in the range of $154.18 to $158.32 Tuesday before settling to close at $157.56, an increase of 2.32 percent. The stock appears to be facing some resistance at $159.35 with some support at the $157.10 and $152.77 levels. Shares of Lockheed Martin have gained approximately 6.0 percent year-to-date.
More information on Lockheed Martin and access to the free equity report can be found at:
Reynolds American, Inc. (NYSE: RAI) shares traded in the range of $46.55 to $48.34 Tuesday before settling to close at $48.07, a decrease of 1.52 percent. The stock appears to be facing some resistance at the $48.56 and $49.36 levels with some support at $47.89 and $47.13. Shares of Reynolds American have fallen approximately 4.0 percent year-to-date.
More information on Reynolds American and access to the free equity report can be found at:
WPX Energy Inc. (NYSE: WPX) shares traded in the range of $16.92 to $17.55 Tuesday before settling to close at $17.03. The company’s 9.99 percent drop was the largest in the S&P 500 Tuesday. The stock appears to be facing some resistance at the $17.75, $18.29 and $18.44 levels. Shares of WPX Energy have fallen approximately 16.0 percent year-to-date.
More information on WPX Energy and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
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
(February 12, 2014 - 8:50 AM EST)
News by QuoteMedia