Global markets rallied on positive economic data from the U.S. and China, sending the S&P 500 Index above the 1700 mark for the first time Thursday. Both the S&P 500 Index and the Down Jones have posted gains of approximately 19 percent year-to-date, while the Nasdaq and Russell 2000 have posted gains of roughly 21 percent and 25 percent, respectively. On Thursday, reports showed jobless claims in the U.S. declined 19,000 to $326,000, the lowest since January 2008. Additionally, the official China Manufacturing Purchasing Managers' for July increased to 50.3 from 50.1 in the previous month, any reading above 50 signals growth from the previous month.
Concur Technologies, Inc. (NASDAQ: CNQR) shares traded in the range of $93.00 to $102.91 Thursday before settling to close at $101.92, an increase of 14.66 percent. The stock appears to have some support at the $93.00 and $89.40 levels. The company reported total revenues were $138.7 million for the third quarter of fiscal 2013, up 23 percent year-over-year. Shares of Concur Technologies have gained approximately 66.0 percent year-to-date.
More information on Concur Technologies and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CNQR
LKQ Corporation (NASDAQ: LKQ) shares traded in the range of $27.38 to $30.17 Thursday before settling to close at $29.11, an increase of 11.66 percent. The stock appears to have some support at the $27.38 and $27.13 levels. The company reported revenues were $1.25 billion for the second quarter of 2013, up 24.4 percent year-over-year. Shares of LKQ have gained approximately 38.0 percent year-to-date.
More information on LKQ and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LKQ
Metlife Inc. (NYSE: MET) shares traded in the range of $49.07 to $51.65 Thursday before settling to close at $51.47, an increase of 6.30 percent. The stock appears to have some support at the $50.73 and $49.06 levels. The company reported operating earnings of $1.6 billion, or $1.44 per share for the second quarter of 2013, up 11.0 percent year-over-year. Shares of Metlife have gained approximately 56.0 percent year-to-date.
More information on Metlife and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MET
Thoratec Corporation (NASDAQ: THOR) shares traded in the range of $35.72 to $36.98 Thursday before settling to close at $35.87, an increase of 9.39 percent. The stock appears to be facing some resistance at the $169.51 and $161.92 levels with some support at $35.59. The company reported revenues were $130.5 million for the second quarter of 2013, an increase of 10.0 percent year-over-year.
More information on Thoratec and access to the free equity report can be found at:
www.WallStreetFundamentals.com/THOR
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