Wall Street Fundamentals Releases New In-Depth Stock Reports on COST, DG, KO and WMT
U.S. stock market soared Thursday after comments made by Federal Reserve Chairman Ben Bernanke hinted that stimulus measures would not be scaled back. Bernanke stated the U.S. economy needs "highly accommodative monetary policy for the foreseeable future." Both the Dow Jones Industrial Average and the S&P 500 Index surged to new all-time highs. Stocks that benefit from a low interest rate environment were among the biggest gainers as the he yield on the 10-year Treasury fell to 2.57 percent. S&P 500 companies begin reporting earnings this week. S&P Capital IQ has forecasted an average earnings growth of 3 percent year-over-year.
Costco Wholesale Corporation (NASDAQ: COST) shares traded in the range of $114.34 to $115.94 Thursday before settling to close at $115.89, an increase of 1.98 percent. The stock appears to be facing some resistance at $115.92 with some support at the $115.33 and $114.04 levels. Shares of Costco Wholesale have gained approximately 17.4 percent in 2013.
More information on Costco Wholesale and access to the free equity report can be found at:
www.WallStreetFundamentals.com/COST
Dollar General Corp. (NYSE: DG) shares traded in the range of $54.58 to $55.80 Thursday before settling to close at $55.65, an increase of 1.59 percent. The stock appears to have some support at the $54.87, $53.63 and $52.83 levels. Shares of Dollar General have gained approximately 26.2 percent in 2013.
More information on Dollar General and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DG
The Coca-Cola Company (NYSE: KO) shares traded in the range of $40.74 to $41.15 Thursday before settling to close at $41.03, an increase of 0.86 percent. The stock appears to be facing some resistance at the $41.03 and $41.63 levels with some support at $40.66. Shares of Coca-Cola have gained approximately 13.2 percent in 2013.
More information on Coca-Cola and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KO
Wal-Mart Stores, Inc. (NYSE: WMT) shares traded in the range of $77.33 to $77.75 Thursday before settling to close at $77.63, an increase of 1.12 percent. The stock appears to be facing some resistance at the $77.72 and $78.72 levels with some support at $77.14. Shares of Wal-Mart Stores have gained approximately 13.8 percent in 2013.
More information on Wal-Mart Stores and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WMT
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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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