Wall Street Fundamentals Releases New In-Depth Stock Reports on ED, FE, WEC and XEL
Defensive stocks took a hit last week after a better-than-anticipated jobs report raised concerns that the Federal Reserve would begin to slow down its $85 billion in monthly bond purchases. On Friday, the Labor Department reported the U.S. added 195,000 jobs in June sending the yield on 10-year Treasury notes to a high of 2.719 percent, the highest since August 2011. Rising treasury rates has triggered a selloff amongst investors who flocked to the riskier dividend paying stocks stocks as a result of the low interest rate environment.
Consolidated Edison, Inc. (NYSE: ED) shares traded in the range of $57.16 to $57.74 Monday before settling to close at $57.73, down roughly 1.0 percent in the past week. The stock appears to be facing resistance at the $58.77 and $59.17 levels with some support at $57.56. Shares of Consolidated Edison have fallen approximately 6.0 percent in the past three months.
More information on Consolidated Edison and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ED
FirstEnergy Corp. (NYSE: FE) shares traded in the range of $35.91 to $36.62 Monday before settling to close at $36.51, down roughly 2.2 percent in the past week. The stock appears to be facing resistance at the $36.75 and $37.27 levels with some support at $36.27. Shares of FirstEnergy have approximately 17.7 percent in the past three months.
More information on FirstEnergy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FE
Wisconsin Energy Corporation (NYSE: WEC) shares traded in the range of $40.36 to $41.09 Monday before settling to close at $40.85, up roughly 0.35 percent in the past week. The stock appears to be facing resistance at the $41.18 and $41.60 levels with some support at $40.50. Shares of Wisconsin Energy are down approximately 5.4 percent in the past three months.
More information on Wisconsin Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WEC
Xcel Energy Inc. (NYSE: XEL) shares traded in the range of $28.09 to $28.71 Monday before settling to close at $28.56, up 0.80 percent in the past week. The stock appears to be facing resistance at the $29.09 and $29.35 levels with some support at $28.55. Shares of Xcel Energy have fallen approximately 6.0 percent in the past three months.
More information on Xcel Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XEL
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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.
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